Following a $5 million grant from Haim and Cheryl Saban, the West Coast venue will be renamed the Saban Theatre. The donation, according to the industry paper, will fund "the continuing restoration of the theatre's orchestra and proscenium areas as well as the refurbishment of the building's marquee."

Haim Saban told Variety, "This theatre is not only an important centerpiece for the performing arts but also serves as a home for numerous charitable undertakings, programs that benefit the community and the Temple of the Arts, which integrates the arts into religious services."

Beverly Hills Performing Arts Center president Rabbi David Baron added, "This lead gift will move us steadily toward our four goals of preservation, restoration, modernization and endowment and will encourage others to give."

The Wilshire, according to the theatre's website, is currently open for theatrical rentals, concerts, television shoots and parties. Among the production that have played the Wilshire are Billy Crystal's 700 Sundays and HBO's Def Comedy Jam.

For more information visit www.wtbh.org.