The Comédie-Française was founded on 8 August 1680 by a decree of Louis XIV merging the only two Parisian acting troupes of the time, the troupe of the Guénégaud Theatre and that of the Hôtel de Bourgogne. On the death of Molière in 1673, the troupe at the Guénégaud had been formed by a merger of the Théâtre du Marais and the Troupe de Molière. Two years later they received a royal grant of 12,000 livres per year; and seven years later they received their present designation. Thus the Comédie-Française may be said to have an unbroken tradition reaching back to the days of Molière.