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Teatro Opera

A historic theatre and cinema venue on Avenida Corrientes in Buenos Aires, Argentina.

Last updated November 4, 2026

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Overview

Teatro Opera is a historic theatre and cinema venue at 860 Avenida Corrientes in central Buenos Aires, approximately 200 metres from the Obelisk. It is one of the best-known entertainment buildings on Corrientes Avenue and has served, at different points in its history, as an opera house, cinema, musical-theatre venue, and concert hall. The venue is notable both for its long cultural history and for its highly distinctive Art Deco architecture. The theatre originated in the 1870s, when businessman Antonio Pestalardo proposed creating a performance venue on Corrientes, then a relatively narrow street away from the main centre of Buenos Aires. Construction was delayed by the yellow-fever epidemic of 1871 and by the closure of the city port, which restricted access to building materials. The first Teatro Opera opened on 25 May 1872 with a performance of Giuseppe Verdi's Il trovatore. It was an early technological landmark because it used gas lighting, an unusual feature in Buenos Aires at the time. The original building was substantially remodelled in 1889 after its acquisition by Roberto Cano. Architect Julio Dormal redesigned the exterior and interior in an ornate Beaux-Arts idiom, while Rufino Varela installed an electric power plant that allowed the theatre to generate its own electricity. The venue later underwent a much more radical transformation. In the mid-1930s, as Corrientes was being widened and developed into a major cultural avenue, owner Clemente Lococo commissioned a new building. Designed by Belgian architect Alberto Bourdon and completed in 1935, the present structure adopted a striking Art Deco design inspired in part by the Rex cinema in Paris. It combined a large auditorium, a stage suitable for varied live productions, and a large cinema screen, with capacity reported at about 2,500 people. The current building is distinguished by its curved central facade, stepped tower, dark granite surfaces, elongated windows, etched glass decoration, and a prominent illuminated marquee. Its interior uses black granite, coloured marble, chromed metal, bronze details, and sweeping staircases. The original auditorium included a ceiling designed to resemble a starry night sky and side-wall scenery evoking the nighttime cityscape of Buenos Aires. Much of that decorative scheme disappeared during later renovations, particularly the remodelling undertaken to accommodate large-scale musical theatre. The venue has hosted international performers and productions associated with popular music, theatre, dance, and variety entertainment. Artists and groups reported as having appeared there include Ava Gardner, Édith Piaf, Raffaella Carrà, Mina Mazzini, the Folies Bergère, Le Lido de Paris, Fairuz, and R5. Argentine performers have also used the theatre, including Los Abuelos de la Nada, who recorded a live album there, and the Ariel Ramírez Folklore Company, which appeared with Jaime Torres and Las Voces Blancas at the premiere of the 1967 film Crónica para un futuro. In 1997, the venue was acquired by the entertainment and production company Time for Fun and remodelled for major Broadway- and West End-style musicals. The reopening programme included Beauty and the Beast, followed by Les Misérables, Chicago, The Phantom of the Opera, a revival of Beauty and the Beast, The Sound of Music, Mamma Mia!, and The Addams Family. The renovation also created or maintained the Petit Opera basement room, which is used for film previews and cultural meetings. The building's commercial name has changed several times through sponsorship agreements. In 2010, Citibank acquired naming rights for three years and the venue was initially promoted as Teatro Citi. Public criticism, including objections from cultural advocates, media commentators, and prominent entertainers, led to the hybrid name Opera Citi. The Buenos Aires Legislature subsequently approved structural heritage protection and preservation of the historical name Teatro Opera in 2012. Allianz became the sponsoring brand in 2014, producing the name Teatro Opera Allianz. In 2017, T4F entered a four-year commercial and advertising agreement with Orbis Seguros, resulting in the name Teatro Opera Orbis Seguros. The venue remains identified primarily by its historic Teatro Opera name and continues to function as a major Buenos Aires performance and cinema venue.

History

Teatro Opera traces its beginnings to Antonio Pestalardo's 1870 plan to establish a theatre on Corrientes, at a time when the street had not yet become Buenos Aires's principal entertainment corridor. The project encountered serious delays after the yellow-fever epidemic of 1871 and the temporary closure of the port, which impeded the delivery of construction materials. The first theatre nevertheless opened on 25 May 1872 with Verdi's Il trovatore. Its use of gas lighting gave it a technological distinction in the city and reflected its original orientation toward opera and other lyrical performances. In 1889, the theatre was completely remodelled under its new owner, Roberto Cano. Julio Dormal designed a more elaborate Beaux-Arts building, replacing the simpler early facade and enriching the foyer and auditorium with decorative plasterwork, patterned floors, chandeliers, velvet furnishings, opera boxes, and a domed ceiling. Rufino Varela installed an electric power plant, allowing the theatre to operate with an unusual degree of electrical independence for late-nineteenth-century Buenos Aires. The venue's next major transformation followed the urban redevelopment of Corrientes. The widening of the street in the 1930s helped turn it into a major avenue associated with nightlife, cinemas, and theatres. Although the principal demolitions occurred on the opposite side of the street, owner Clemente Lococo used the opportunity to replace the building. Alberto Bourdon designed the present Teatro Opera, completed in 1935. Its Art Deco facade, stepped vertical form, dark granite, curved lines, etched glass, and illuminated marquee made it one of the most visually recognisable buildings on the avenue. The new auditorium was conceived as a modern cinema as well as a live-performance space, with a large screen, a substantial stage, and seating capacity of roughly 2,500. The original interior of the current building was equally distinctive. A ceiling resembling a star-filled sky illuminated the auditorium before performances, while side-wall decoration represented an idealised Art Deco cityscape inspired by Buenos Aires nightlife. Later observers disagreed about the building's aesthetic quality, but its construction, materials, and craftsmanship were widely regarded as exceptional. Renovations associated with the theatre's transition toward large musical productions removed the starry ceiling and some of the original scenic decoration. The theatre has accommodated a broad range of programming. Its stage has hosted international entertainers and touring spectacles, including performances associated with Ava Gardner, Édith Piaf, Raffaella Carrà, Mina Mazzini, the Folies Bergère, Le Lido de Paris, Fairuz, and R5. Argentine artists have also made the venue part of the country's cultural record. Los Abuelos de la Nada recorded a live album there, and the Ariel Ramírez Folklore Company appeared with Jaime Torres and Las Voces Blancas at the premiere of Crónica para un futuro in 1967. In 1997, Time for Fun acquired the theatre and remodelled it for major Broadway and West End musical productions. The programme following the reopening included Beauty and the Beast, Les Misérables, Chicago, The Phantom of the Opera in 2009, a new Beauty and the Beast in 2010, The Sound of Music in 2011, Mamma Mia! in 2012, and The Addams Family in 2013. The basement Petit Opera room provides a smaller setting for film previews and cultural meetings. The building's commercial naming history became a significant part of its modern public profile. Citibank sponsored restoration work in 2010 and initially attached its name directly to the venue. The decision generated opposition because the theatre was protected as cultural heritage and because many residents regarded Teatro Opera as a historic civic identity rather than an ordinary advertising property. After sustained criticism, the name was altered to Opera Citi. In 2012, the Buenos Aires Legislature approved structural heritage protection and formally preserved the historical name. Allianz became the sponsor in 2014, followed by Orbis Seguros under a four-year agreement signed in 2017. These commercial names have coexisted with the venue's enduring public identity as Teatro Opera.

  • 2017

    Orbis Seguros branding begins

    [1]

    Time for Fun signs a four-year commercial agreement with Orbis Seguros, creating the Opera Orbis Seguros name.

  • 2014

    Allianz sponsorship begins

    [1]

    Allianz replaces Citibank as the venue's sponsoring brand.

  • 2012

    Heritage protection approved

    [1]

    The Buenos Aires Legislature grants the building structural protection and preserves its historical name.

  • 2010

    Citibank sponsorship and restoration

    [1]

    Citibank sponsors restoration of the facade and interior and attaches its name to the venue, triggering a public naming controversy.

  • 1997

    Time for Fun acquires and remodels the venue

    [1]

    Time for Fun acquires Teatro Opera and remodels it to accommodate major musical-theatre productions.

  • 1967

    Folklore company appears at a film premiere

    [1]

    The Ariel Ramírez Folklore Company performs with Jaime Torres and Las Voces Blancas at the premiere of Crónica para un futuro.

  • 1935

    Current Art Deco building is completed

    [1]

    Alberto Bourdon's replacement building opens as a combined modern cinema and theatre with a large auditorium and stage.

  • 1889

    Beaux-Arts remodelling

    [1]

    Roberto Cano commissions a complete remodelling by Julio Dormal; an electric power plant is also installed.

  • 1872

    First Teatro Opera opens

    [1]

    The original theatre opens on 25 May with Verdi's Il trovatore and becomes an early Buenos Aires venue to use gas lighting.

  • 1870

    Pestalardo proposes a theatre on Corrientes

    [1]

    Antonio Pestalardo develops the project that would become Teatro Opera, seeking to establish a performance venue on what was then a relatively peripheral street.

Products and positioning

A heritage entertainment venue positioned at the intersection of theatre, cinema, concerts, and large-scale touring productions, distinguished by its landmark Art Deco architecture and central location on Buenos Aires's cultural Corrientes Avenue.

  • Theatre and cinema venue · 1935

    Main auditorium

    The principal auditorium is the centre of Teatro Opera's live and screen programming. The 1935 building was designed to support both cinema and stage productions, combining a large audience area with a substantial performance stage and cinema screen. It has hosted opera, concerts, musical theatre, variety shows, dance, and touring entertainment. Renovations for large musical productions altered portions of the original Art Deco interior while preserving the venue's role as a major Corrientes Avenue entertainment house.

  • Screening and cultural-events room

    Petit Opera

    Petit Opera is the venue's basement room, used for film previews, cultural meetings, and smaller-format activities. It complements the principal auditorium by providing a more intimate setting within the same historic entertainment complex.

  • Live production · 1997

    Musical theatre programme

    Following the 1997 remodelling, Teatro Opera became an important Buenos Aires home for large-scale musical theatre. Productions associated with the venue include Beauty and the Beast, Les Misérables, Chicago, The Phantom of the Opera, The Sound of Music, Mamma Mia!, and The Addams Family.

Marketing campaigns

  • 2017Opera Orbis Seguros partnership

    Argentina

    Time for Fun entered a four-year commercial and advertising agreement with Orbis Seguros.

    Outcome. The agreement launched the Opera Orbis Seguros commercial name.

  • 2014Teatro Opera Allianz sponsorship

    Argentina

    Allianz became the commercial sponsor after Citibank's naming arrangement ended.

    Outcome. The venue was promoted as Teatro Opera Allianz while retaining the historic Teatro Opera identity.

  • 2010Teatro Citi naming sponsorship

    Argentina

    Citibank funded or supported restoration work and obtained naming rights, initially branding the historic venue as Teatro Citi.

    Outcome. The naming decision generated substantial public criticism and was subsequently changed to Opera Citi.

Brand decisions

  • 2012

    Preserve the historic name through heritage regulationOther

    Background

    The naming controversy raised questions about the treatment of a culturally protected historic building.

    Action taken

    The Buenos Aires Legislature approved structural heritage protection, declared the theatre a monument, and preserved the Teatro Opera name.

    Aftermath

    Commercial sponsorship continued, but the historic name received formal legal protection.

  • 2010

    Adopt Citibank naming rightsStrategy

    Background

    Citibank sought to support restoration and increase the commercial value of the building through a naming sponsorship.

    Action taken

    The venue was initially renamed Teatro Citi, with restoration work carried out on the facade, interior, and lighting.

    Aftermath

    Public and political opposition to replacing the historic name led to the compromise designation Opera Citi and contributed to later heritage action.

  • 1997

    Reposition the venue for major musical theatreStrategy

    Background

    After acquiring the theatre, Time for Fun sought to adapt it for large-scale productions modelled on Broadway and West End musicals.

    Action taken

    The building was remodelled and relaunched with a programme including Beauty and the Beast and later major international musical titles.

    Aftermath

    The venue expanded its role beyond cinema and traditional theatre and became a prominent musical-theatre house in Buenos Aires.

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