Andrew Lloyd Webber
(© Joseph Marzullo/Retna)
Andrew Lloyd Webber
(© Joseph Marzullo/Retna)
Andrew Lloyd Webber is selling four West End theaters to a consortium led by former ITV chairman Michael Grade, according to published reports. The venues involved in the sale are the Palace, Her Majesty's, Cambridge and New London.

Webber's Really Useful Group (RUG) will retain the Theatre Royal Drury Lane, where a revival of Oliver! is playing through January, and the London Palladium, where the composer's new production of The Wizard of Oz will bow next spring.

The company will also maintain a 50% interest in the Adelphi, currently home to Love Never Dies, Lloyd Webber's sequel to The Phantom of the Opera.

RUG previously sold its four West End playhouses - the Lyric, Garrick, Apollo and Duchess - to Nimax Theatres in 2005.