On May 20, 2013 it was announced that the UK-based Ambassador Theatre Group had acquired the lease to the Foxwoods Theatre for about $60 million. The New 42nd Street nonprofit organization remained as the landlord. In March 2014, the theatre was renamed the Lyric Theatre by ATG. Between 2017 and 2018, the theater was completely renovated and modified for the theater's current production "Harry Potter and the Cursed Child", which opened on April 22, 2018. Approximately $33 million was spent on the theater's modifications, in addition to the $35.5 million capitalization of the production. Formerly described by the "New York Times" as a "charmless barn of a theater", the renovation brought the seating capacity down to 1,622 seats from the previous 1,866, bringing the theater closer to the seating capacity of other large Broadway theaters, including the Majestic, St. James, and Broadway theaters.