Cabot Theater to Reopen Friday with New Owners

The Cabot Cinema Theatre will reopen Friday afternoon under new ownership and a new name, vowing to have “The Cabot” deliver “great live music, theater, dance, and film year-round.”

A renovation is planned during the next three years and afterward, the new owners expect to host 100,000 visitors with an annual economic impact of $5.8 million.

The theater had been owned since the late 1970s by White Horse Productions, which ran the theater and hosted Le Grand David and His Spectacular Magic Company.

The theater was put on the market and sold last month for $1.2 million. The new owners have outlined a plan “to make it into a cultural center that will beat in the heart of 21st Century Beverly.”