In March 1939, a new movie theater to be built near the entrance of Lido Isle was proposed with plans drafted by the Griffith Company. The projected cost of the project was US$105,000, including $15,000 to purchase the lot, $45,000 for the building, $15,000 for theater equipment, and $30,000 to create a parking lot and landscape the surrounding area.[1] On April 26, the theater's construction was permitted; an increase in planned capacity from 750 to 800 was also announced.[2]
The Lido Theater opened to the public on October 27, 1939. A popular urban legend about the theater claims it screened Jezebel as its first feature at the suggestion of Bette Davis, the film's star and a resident of nearby Corona del Mar; however, a newspaper report at the time stated that it opened with a vaudeville show titled The Colonel from Kentucky.[3][4]
In 1989, the 50th anniversary of the Lido Theater was marked by a $250,000 renovation. The theater's ocean murals were restored with luminous paint and the exterior was repainted.[5]
On September 9, 2001, Edwards Theatres ceased its operation of the Lido Theater amidst the company's bankruptcy proceedings. The owner, the Fritz Duda Company, closed the building while searching for a new operator.[6] Regency Theatres, a movie theater chain in Southern California, signed a lease to operate the theater later that year.[7]
In June 2014, Regency Theatres' lease on the Lido Theater expired. A company called Lido Live signed a lease to operate the theater, planning to use it for both movies and live entertainment.[7]
During the COVID-19 pandemic in October 2020, the sidewalk in front of the theater and the area under its marquee were used for outdoor dining for local restaurant Fable & Spirit. The marquee sign bore the name of the restaurant and its head chef.[8]
In September 2024, it was announced that the Lido Theater would reopen with Fritz Duda hiring director and producer McG as the new operator, through his company River Jetty Restaurant Group, after more than four years of renovations.[9]