Paramount (Shanghai)

[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.

High resolution photograph of The Paramount Theatre in 1994
The Paramount Theatre photographed in July 1994.
The Paramount building in 2015