The theater division of OCESA, part of Grupo CIE (Corporación Interamericana de Entretenimiento), was created in 1997 for the production of stage plays and musicals.
In 1999 RENT and The Phantom Of The Opera were simultaneously played at the newly rebuilt Alameda Theaters.
It is associated with companies in Buenos Aires, São Paulo, Madrid, Barcelona and Portugal to help them reduce costs and risks linked with big budget productions and to share them copyrights, music, adaptations, sets or even cast members among the associates.
2013 2013 OCESA Teatro has received complains for not offering an equal opportunity casting selection process in many of their productions.
Also OCESA Teatro has received complains about how the company strives to recreate exactly the Broadway experience in most of their shows, leaving little freedom of expression to local directors.