Wellington's longest running professional theatre, Downstage, will close its doors for good at the end of the week after a decision by Creative New Zealand to stop funding it next year.
The theatre had presented shows for 50 years.
The board had not taken the decision lightly, said Downstage Theatre Trust chairman Allan Freeth.
"In recent years the theatre has pursued a new model - based on partnerships with artistic companies, taking risks on new works, and creating a supportive environment for artists.
"It is not possible to continue this work without adequate and stable funding."