The family found it financially impossible to continue due to the rise of DVDs and the shorter period of public exhibition of films available to repertory cinemas.

When news of the Revue's closure became public, a grass-roots community movement sprang up in order to save the cinema.

While the theatre was shut, the marquee, known for its tendency to hold water and snow, collapsed on February 19, 2007, most likely due to the weight of a recent snowfall.

[4][5] Filmmaker Guillermo del Toro called on Toronto mayor Olivia Chow to help save the theatre.

[6] In September 2024, Grant Oyston, the Revue Film Society Chair, told CP24 that a five-year lease agreement with the Mullins was signed by his group.

[7] del Toro, a part-time Toronto resident who has called himself a passionate fan of the venue, subsequently announced a special fundraising screening of his 2015 film Crimson Peak at the Revue on October 3, 2024, to help fund renovation efforts.

The style developed after 1900 and represented a return to restrained Classical detailing that was popular for all building types during the subsequent decades.