Lawmakers on Monday warned the UK government that the historic theater -- which has been closed since March due to coronavirus restrictions -- was faced with "insolvency and closure" as a result of the pandemic's impact on its finances.
The original Globe theater was built by Shakespeare's company, the Lord Chamberlain's Men, in 1599, but was destroyed by a fire in 1613.
A replica of the playhouse was built in 1997, just meters from the original site on the banks of the River Thames, with historical records used for guidance.
The theater is almost identical in appearance to the original, but with modern features such as a concrete theater pit and roof-based sprinklers.
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