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
The Old Vic of realising the vision of Toby Robertson". Robertson was in effect fired as artistic director in 1980 while he was abroad with the company in China, Timothy West replacing him. The following season, West's first as Robertson's successor, saw "Macbeth" with Peter O'Toole, "The Merchant of Venice" with West as Shylock, and a gala performance presented to the Queen Mother to celebrate her eightieth birthday. On 22 December 1980, four days after the gala performance, the Arts Council withdrew its funding from the company, sealing its inevitable demise. The company gave a final season at the Old Vic in 1981,