Editing Really Useful Group (section)

===LW Theatres===
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'''LW Theatres''' owns and manages six [[West End theatre|West End]] theatres:

#[[Adelphi Theatre]] (in association with the [[Nederlander Organization]])
#[[Cambridge Theatre]]
#[[Gillian Lynne Theatre]]
#[[Her Majesty's Theatre|His Majesty's Theatre]]
#[[London Palladium]]
#[[Theatre Royal, Drury Lane]]

The group also included the [[Off West End]] venue [[The Other Palace]], formerly known as the St James Theatre which it sold to Bill Kenwright in October 2021. The theatre reopened under its new owner following a closure caused by the coronavirus pandemic with a revival of the musical [[Heathers: The Musical|Heathers]].

Lloyd Webber purchased the [[Palace Theatre, London|Palace Theatre]] in 1983, followed by the New London (now [[Gillian Lynne Theatre|Gillian Lynne]]) and the [[Adelphi Theatre|Adelphi]]. In 1999, Lloyd Webber and NatWest Equity Partners bought the [[Moss Empires|Stoll Moss]] group, owner of 10 London theatres, including the [[London Palladium]] and the [[Theatre Royal, Drury Lane]], for £85 million from Australian businesswoman [[Janet Holmes à Court]], and formed Really Useful Theatres.<ref>{{cite news |title=Lloyd Webber buys London theatres |date=9 January 2000 |work=[[BBC News]] |url=http://news.bbc.co.uk/1/hi/uk/596495.stm |access-date=29 May 2007}}</ref>

In 2004, operational control of the [[Sondheim Theatre|Queen's Theatre]] reverted from Really Useful Theatres back to [[Cameron Mackintosh]]'s Delfont Mackintosh Theatres. The transfer of operational control of the adjoining [[Gielgud Theatre]] from Really Useful Theatres to Delfont Mackintosh Theatres followed two years later. On 11 July 2005, the company sold four theatres (the [[Apollo Theatre|Apollo]], the [[Duchess Theatre|Duchess]], the [[Lyric Theatre (London)|Lyric]], and the [[Garrick Theatre|Garrick]]) to Nimax Theatres Ltd, a company owned by [[Broadway theatre|Broadway]] producer Max Weitzenhoffer, who previously had been a rival bidder for the Stoll Moss theatres, and Nica Burns, production director of Really Useful Theatres.<ref>{{cite news |title=Lloyd Webber sells four theatres |date=11 July 2005 |work=BBC News |url=http://news.bbc.co.uk/1/hi/entertainment/arts/4672413.stm |access-date=29 May 2007}}</ref> Lloyd Webber invested £10 million of the proceeds from the sales in October 2005 to buy the interest of his partner [[Bridgepoint Capital|Bridgepoint]] (formerly [[NatWest]] Equity Partners), and renamed the group ''Really Useful Theatres Group''.<ref>{{cite news |title=Lloyd Webber takes over theatres |date=5 November 2005 |work=BBC News |url=http://news.bbc.co.uk/1/hi/england/london/4410280.stm |access-date=29 May 2007}}</ref> Nimax purchased The Palace in 2012.<ref>{{cite news| url=https://www.playbill.com/article/andrew-lloyd-webber-sells-londons-palace-theatre-com-192412| title=Andrew Lloyd Webber Sells London's Palace Theatre| journal=[[Playbill]]| last=Gans| first=Andrew| date=11 April 2012| archive-url=https://web.archive.org/web/20120414191409/http://www.playbill.com/news/article/164752-Andrew-Lloyd-Webber-Sells-Londons-Palace-Theatre| archive-date=14 April 2012| access-date=7 November 2021}}</ref> In 2014, the group split into two companies, and the owner of the theatres was named ''Really Useful Theatres''.<ref name=Dennys1>Dennys, Harriet (24 March 2014). [https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10718055/Lord-Lloyd-Webber-splits-theatre-group-to-expand-on-a-global-stage.html "Lord Lloyd-Webber splits theatre group to expand on a global stage"]. ''[[The Daily Telegraph]]''. London. Retrieved 3 October 2014.</ref> In 2018, Really Useful Theatres changed its name to ''LW Theatres'' to avoid confusion with the other companies owned by Lloyd Webber.<ref>Hetrick, Adam (July 26, 2018). [http://www.playbill.com/article/andrew-lloyd-webbers-really-useful-theatres-announces-name-change "Andrew Lloyd Webber’s Really Useful Theatres Announces Name Change"]. ''Playbill''.</ref>