The Saban Theatre has been both a significant cultural and architectural landmark for Los Angeles and Beverly Hills since its opening as the Fox Wilshire Theatre on September 19, 1930. It was originally designed with 2500 seats by noted theatre architect S. Charles Lee to be a major film presentation house, even including a stage for Vaudeville acts before the films.

Over its 85 year history, the Saban has been the site of numerous film premieres, exclusive first-run film engagements, live concerts and touring Broadway shows. Despite several renovations, the interior remains mostly intact with its columned two-story rotunda lobby, spacious orchestra and balcony level seating for 2,000, and its silver, gold and black proscenium and organ screens. The connection with architect S. Charles Lee, a long-time resident of the city of Beverly Hills, makes the Saban significant also as an example of Lee’s transition from the French Regency style of the Tower Theatre and other Los Angeles Theatres to the nascent Art Deco style that would come to dominate movie palace architecture in the 1930's.

Having originally served as 20th Century Fox's exclusive movie palace, its 1981 renovation morphed it into a full time stage venue. It was operated by the Nederlander Organization from 1981 to 1989. It is now regularly used as a live performance venue for comedy, music, television, film shoots, screenings, and community intercultural events such as PaleyFest.