It is the first privately owned opera and theater company both in Serbia and in Southeast Europe.

It is situated in the Old city core of Zemun, which is Spatial Cultural-Historical Units of Great Importance of Serbia.

The Theatre houses opera, ballet, concert programs, drama and musical repertoire.

Madlenianum was officially founded on 25 December 1997 by Gordan Dragović Černogorski opera and ballet director, and it is located in the building that previously housed the second stage of the National Theatre of Serbia.

As of February 2013, the following operas, musicals and plays outside of the standard repertoire were produced at the Madlenianum.