The Proms organ. This coincided with the adoption of this lower pitch by other leading orchestras and concert series. Although the concerts gained a popular following and reputation, Newman went bankrupt in 1902, and the banker Edgar Speyer took over the expense of funding them. Wood received a knighthood in 1911. In 1914 anti-German feeling led Speyer to surrender his role, and music publishers Chappell & Co. took control of the concerts. Although Newman remained involved in artistic planning, it was Wood's name which became most closely associated with the Proms. As conductor from the first concert (which opened with Wagner's "Rienzi"
The world (concert hall) by architects V. A. Butuzov, N. S. Strigalova, M. I. Bogdanov, and engineers L. Bogatkin, V. Kotov, and A. Levenshtein. During the reconstruction only the original brick walls were preserved. The new cinema "Mir" (translating as "world") was opened on February 28, 1958 as a Kinopanorama cinema. In 1960, it was converted into a larger widescreen cinema with 1,220 seats. In 2006 the cinema was again reconstructed, after which it opened as a concert hall for 923 spectators. The last reconstruction was carried out in 2017, after which the world became a concert and entertainment venue. The building is brick,