The Old Vic and Laurence Olivier as its stars, performing mainly at the New Theatre (now the Noël Coward Theatre) until the Old Vic was ready to reopen in 1950. In 1946, an offshoot of the company was established in Bristol as the Bristol Old Vic. In 1963, the Old Vic company was dissolved and the new National Theatre Company, under the artistic direction of Lord Olivier, was based at the Old Vic until its own building was opened on the South Bank near Waterloo Bridge in 1976. In July 1974 the Old Vic presented a rock concert for the first time. National
Bristol Old Vic theatre (later known as the Studio) was built in place of the old entrance, and the Coopers' Hall provided the theatre with the grand façade and foyer area it had previously lacked. Throughout the 1970s and 80s Bristol Old Vic productions were well received both locally and on tour, but by the late 80s faced chronic underfunding. A revival under the leadership of Andrew (Andy) Hay brought an increase in audience numbers; there followed a new Arts Council funding package, and in 2003 the appointment of joint artistic directors David Farr and Simon Reade. They briefly branded the organisation the