It is located at 21 Marijas iela, Riga, and was opened as a music venue on September 28, 2011.

"Palladium" featured the latest movies, and there always was a line to get the tickets.

Around 2006, construction of an ambitious nightclub had begun, but it did not experience its opening.

The new concert venue retains the name of the former cinema "Palladium", as well as the former theater's round shape.

"Palladium" opened its doors September 28, 2011 and the first artists who performed were James Blunt, Icelandic group FM Belfast, the English rock band Kaiser Chiefs and the British musician Anna Calvi.