[2] In 1956, following the Chinese Communist Revolution, the Paramount was closed and it later reopened as the Red Capitol Cinema showing Maoist propaganda films.
[4] In 2001, Taiwanese investors spent $3-million to refurbish the venue and reopened it as a ballroom in its original style, with red-and-gold décor.
[5] In December 2006, the Paramount's Taiwanese owners announced the ballroom was losing revenue, so they decided to convert the second and third floors into a disco.
Only the fourth-floor ballroom will remain in the old style, and preservationists have expressed concerns that the structure could be damaged by the reverberations of the disco.
[citation needed] In the last item from the BBC Radio Program: "From Our Own Correspondent" on June 16, 2012, Fuchsia Dunlop reported on a dance visit to the new Xbox.