Editing Olympia (Paris) (section)

===Demolition and reconstruction===
In 1995, as part of the real estate project initiated in 1993, which required 1{{nbsp}}''[[Billion|milliard]]'' of [[French Franc#New franc|new franc]]s of investment, the Edouard-VII area in the 9th arrondissement, where the Olympia was located, began to undergo "a radical" demolition and reconstruction.{{refn|group=nb|1{{nbsp}}''[[Billion|milliard]]'' of [[French Franc#New franc|new franc]]s in 1995 is equal to US$261,800,000 today in May 2021.}}<ref name="Bauer1999-04-30">{{cite news |last=Bauer |first=Anne |date=30 April 1999 |title=La Société Foncière Lyonnaise prend les clefs du quartier Edouard-VII |trans-title=The Société Foncière Lyonnaise takes the keys to the Edouard-VII district |url=https://www.lesechos.fr/1999/04/la-societe-fonciere-lyonnaise-prend-les-clefs-du-quartier-edouard-vii-768354 |url-status=live |language=fr |work=[[Les Echos (France)|Les Echos]] |location=Paris |archive-url=https://web.archive.org/web/20210216194703/https://www.lesechos.fr/1999/04/la-societe-fonciere-lyonnaise-prend-les-clefs-du-quartier-edouard-vii-768354 |archive-date=16 February 2021 |access-date=16 February 2021 }}</ref><ref name="Johannes1999-04-30">{{cite news |last=Johannes |first=Franck |date=30 April 1999 |title=Le quartier de l'Olympia est achevé |trans-title=The Olympia district is completed |url=https://www.liberation.fr/societe/1999/04/30/le-quartier-de-l-olympia-est-acheve-l-ilot-d-15-ha-au-coeur-de-paris-fait-la-part-belle-aux-bureaux_269920/ |url-status=live |language=fr |work=[[Libération]] |location=Paris |archive-url=https://archive.today/20210216224125/https://www.liberation.fr/societe/1999/04/30/le-quartier-de-l-olympia-est-acheve-l-ilot-d-15-ha-au-coeur-de-paris-fait-la-part-belle-aux-bureaux_269920/ |archive-date=16 February 2021 |access-date=16 February 2021 }}</ref>

On 14 April 1997, a gala evening was broadcast live on television with reputed French singers, in honor of the Olympia and support of the following months of closure.<ref name=":14">{{cite news |author=<!--Staff writer(s)/no by-line.--> |date=15 April 1997 |title=L'olympia déménage |trans-title=Olympia is moving |url=https://www.lorientlejour.com/article/226811/Lolympia_demenage.html |url-status=live |language=fr |work=[[L'Orient-Le Jour]] |archive-url=https://archive.today/20210522211558/https://www.lorientlejour.com/article/226811/Lolympia_demenage.html |archive-date=22 May 2021 |access-date=22 May 2021 }}</ref> In Spring 1997, the demolition of the Olympia began.<ref name="Collet2008-08-08">{{cite news |last=Collet |first=Valérie |date=8 August 2008 |title=A qui appartient... l'Olympia ? |trans-title=Who owns... the Olympia? |url=https://www.lefigaro.fr/economie/2008/08/08/04001-20080808ARTFIG00535-a-qui-appartient-l-olympia-.php |url-status=live |language=fr |work=[[Le Figaro]] |location=Paris |archive-url=https://archive.today/20140702203930/http://www.lefigaro.fr/economie/2008/08/08/04001-20080808ARTFIG00535-a-qui-appartient-l-olympia-.php|archive-date=2 July 2014 |access-date=22 May 2021 }}</ref> The architecture firms Anthony-Emmanuel Bechu, and Fernando Urquijo–Gino Valle–Giorgio Macola were appointed to manage the reconstruction project.<ref name=":15"/><ref name="Bauer1999-04-30"/> It was rebuilt identically in seven months, keeping its original facade and the grandeur of its famous red interior, as well as the bar and the [[mosaic]]s.<ref name="Collet2008-08-08"/> The Olympia was relocated eight meters beneath its previous location.<ref name=":14"/> Nevertheless, the entrance to the venue remained in the same place,<ref name="Johannes1999-04-30"/> leading to the hall, which has retained its same seating capacity.<ref name=":14"/><ref name="Hotel2017"/> The venue's original [[Acoustic resonance|acoustic]] was studied and preserved, as its aesthetics including its midnight blue ceiling and black walls.<ref name=":14"/> The cost of demolition, reconstruction and renovation of the Olympia was 100 ''millions'' of new francs.{{refn|group=nb|100{{nbsp}}''millions'' of new francs in 1997 is equal to US$25,000,000 today in May 2021.}}<ref name="Collet2008-08-08"/>

On 30 April 1999, the real estate subsidiary of the ''[[Société Générale]]'' at the origin of the project, delivered the large commercial properties (including the [[Théâtre Édouard VII]]) to its buyer, the ''[[:fr:Société foncière lyonnaise|Société Foncière Lyonnaise]]'', a subsidiary of [[Commercial Union]], for an amount of 2,15{{nbsp}}''milliards'' of [[French Franc#New franc|new franc]]s.{{refn|group=nb|2,15{{nbsp}}''milliards'' of new francs in 1999 is equal to US$541,000,000 in May 2021.}}<ref name="Bauer1999-04-30"/><ref name="Johannes1999-04-30"/> As a result, the ''Société Foncière Lyonnaise'' became the owner of the Olympia's building.<ref name="Bauer1999-04-30"/><ref name="Johannes1999-04-30"/> The vast real estate transaction "almost signed the death warrant of the Olympia".<ref name="Collet2008-08-08"/>

On 17 July 2001, Boris retired as artistic director of the music hall.<ref name=":18">{{cite news |last=Grasset |first=Alain |date=25 August 2001 |title=Vivendi achète l'Olympia |trans-title=Vivendi purchase the Olympia |url=https://www.leparisien.fr/culture-loisirs/vivendi-achete-l-olympia-25-08-2001-2002390453.php |url-status=live |language=fr |work=[[Le Parisien]] |location=Paris|archive-url=https://web.archive.org/web/20210216195646/https://www.leparisien.fr/culture-loisirs/vivendi-achete-l-olympia-25-08-2001-2002390453.php |archive-date=16 February 2021 |access-date=16 February 2021 }}</ref>

In August 2001, Paulette and Patrica Coquatrix sold the brand "Olympia" to [[Vivendi]]'s chief executive [[Jean-Marie Messier]].<ref name="Collet2008-08-08"/> With the tensions tearing the heirs apart, Messier also bought the ''fonds de commerce'' ([[Goodwill (accounting)|goodwill]] and [[Inventory|stock in trade]] and [[intangible asset]]s) from its owner, the ''Société Générale'', as well as the percentage from Paulette Coquatrix and her daughter (both were ''fonds de commerce''{{'}}s tenants).<ref name="Collet2008-08-08"/> Messier was the sole initiator of the "astronomical amount" of money that transited, which sparked an investigation by the [[Revenue service|Fisc]].<ref name="Collet2008-08-08"/> At this point, the ''Société Foncière Lyonnaise'' retained ownership of the building, but negotiations continued during August, as Vivendi attempted to acquire it.<ref name=":18"/> By October 2001, the buyout was completed.<ref name=":19"/> [[Universal Music Group|Vivendi Universal Entertainment]] bought the building,<ref name=":19"/> corresponding to the remaining twenty percent.<ref name=":18"/> Since then, the business unit [[Vivendi#Vivendi Village|Vivendi Village]] has been the sole owner and supervise the commercial operations of the Olympia.<ref>{{cite news |last=Diebold |first=Jean-Baptiste |date=19 June 2015 |title=Les grandes ambitions de Bolloré pour Vivendi Village |trans-title=Bolloré's great ambitions for Vivendi Village |url=https://www.challenges.fr/challenges-soir/les-grandes-ambitions-de-bollore-pour-vivendi-village_44997 |url-status=live |language=fr |work=[[Challenges (magazine)|Challenges]] |archive-url=https://web.archive.org/web/20201019212958/https://www.challenges.fr/challenges-soir/les-grandes-ambitions-de-bollore-pour-vivendi-village_44997 |archive-date=19 October 2020 |access-date=15 February 2021 }}</ref>

In 2002, Arnaud Delbarre was named as executive director of the Olympia by Universal Music France's ''[[Président-directeur général (France)|Président-directeur général]]'', Pascal Nègre.<ref>{{cite news |last=Géraldine |first=Meignan |date=1 April 2008 |title=Un chti... |url=https://lexpansion.lexpress.fr/actualite-economique/un-chti-fait-pulser-l-olympia_1426964.html |url-status=live |language=fr |work=[[L'Express]] |archive-url=https://web.archive.org/web/20210115155717/https://lexpansion.lexpress.fr/actualite-economique/un-chti-fait-pulser-l-olympia_1426964.html |archive-date=15 January 2021 |access-date=22 May 2021 }}</ref><ref name="Collet2008-08-08"/>

In 2008, the Olympia was cited as "one of the world's four or five most modern performance halls."<ref name="Collet2008-08-08"/>

In late June 2015, Delbarre, aged fifty-seven years, resigned from office, concluding with an activity of three hundred shows per year at the Olympia, comparatively to two hundred when he arrived in 2002.<ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |title=Arnaud Delbarre... |url=https://www.lavoixdunord.fr/art/france-monde/arnaud-delbarre-quitte-l-olympia-c-est-une-idee-du-ia0b0n2921942 |url-status=live |work=[[La Voix du Nord (daily)|La Voix du Nord]] |date=2 July 2015 |archive-url=https://archive.today/20210528151506/https://www.lavoixdunord.fr/art/france-monde/arnaud-delbarre-quitte-l-olympia-c-est-une-idee-du-ia0b0n2921942 |archive-date=28 May 2021 |access-date=28 May 2021 }}</ref> By 2015, the venue, which was considered profitable, drew 700,000 attendees per year.<ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |title=Vivendi... |url=https://www.francetvinfo.fr/culture/spectacles/vivendi-installe-une-nouvelle-direction-a-l-olympia_3320157.html |url-status=live |work=[[France Info (radio network)|France Info Culture]] |date=3 July 2015 |archive-url=https://archive.today/20210528154126/https://www.francetvinfo.fr/culture/spectacles/vivendi-installe-une-nouvelle-direction-a-l-olympia_3320157.html |archive-date=28 May 2021 |access-date=28 May 2021 }}</ref>

In 2016, [[Simon Gillham]], [[Chairperson|chairman]] of Vivendi Village, became president of the Olympia.<ref>{{cite news |last1=Annaïck |first1=Demars |last2=Gauthier |first2=Pierre |date=5 February 2017 |title=Simon Gillham |url=https://france3-regions.francetvinfo.fr/nouvelle-aquitaine/simon-gillham-nous-devons-prendre-notre-destin-mains-1190321.html |url-status=live |language=fr |work=[[France Télévisions|France 3 Régions]] |archive-url=https://web.archive.org/web/20170324192621/https://france3-regions.francetvinfo.fr/nouvelle-aquitaine/simon-gillham-nous-devons-prendre-notre-destin-mains-1190321.html |archive-date=24 March 2017 |access-date=28 May 2021 }}</ref> On 30 November 2016, Olympia was used for movie projection again, with the premiere of the biopic ''[[Dalida (2017 film)|Dalida]]''. The screening was significant in France and was broadcast live in 220 other venues from the country and [[Belgium]].<ref>{{cite news |last=Randanne |first=Fabien |date=1 December 2016 |title=L'avant-première officielle du biopic |trans-title=The official premiere screening of the biopic |url=https://www.20minutes.fr/culture/1972447-20161201-dalida-avant-premiere-ugc-bercy-olympia |url-status=live |language=fr |work=[[20 minutes (France)|20 minutes]] |location=Paris |archive-url=https://web.archive.org/web/20200610115054/https://www.20minutes.fr/culture/1972447-20161201-dalida-avant-premiere-ugc-bercy-olympia |archive-date=10 June 2020 |access-date=17 February 2021 }}</ref>