During the renovation there was debate about the best way to manage the theatre in the future. The favoured option was to establish a trust to operate it, which could focus on best serving the arts rather than worrying about commercial viability of productions. However, on 8 February 1979, Premier Court announced that His Majesty's would be run by TVW Enterprises Ltd, the owner of the rival Perth Entertainment Centre. This led to public outcry over potential conflicts of interest, and in June 1979 TVW declined to manage the theatre. The Perth Theatre Trust was instead created, and it took over the running of the theatre. His Majesty's Theatre finally reopened on 28 May 1980, with a reduced seating capacity of 1250.