The Pavilion Theatre in Glasgow has been bought by the global live entertainment company Trafalgar Entertainment.
The 1,449-capacity city centre theatre, which first opened to the public in 1904, is the company's first Scottish venue.
It will become part of its Trafalgar Theatres division in a portfolio that includes Trafalgar Theatre in London’s West End, the Theatre Royal Sydney in Australia, and 12 UK regional theatres including Southend Cliffs Pavilion and the New Theatre, Cardiff.
Helen Enright, CEO of Trafalgar Theatres, said: “Glasgow is a vibrant, energetic city and the Pavilion Theatre has earned its place in the city’s entertainment landscape. We are committed to building on that success."
She added that Trafalgar would increase the number of shows presented at the venue, as well as "investing in the building, growing audiences and ensuring a successful future for this beautiful, iconic theatre”.