 It was also the venue for the first and last concerts on what turned out to be the final tour of the English folk-rock singer Sandy Denny with her band in November 1977, and the venue features on the 1998 posthumous release "Gold Dust" which was produced over 20 years later from the original tapes.Spectacular 'follies' style shows and 'drag' shows didn't find an audience, and the theatre became used as a TV studio for "This is Your Life", but was later bought by the London School of Economics and renamed the Peacock Theatre.When Sadler's Wells determined to build its new theatre in 1996, the company moved to the Peacock Theatre.