Between 1977 and 1983, the Music Box was used sporadically for Spanish language films, porno films and lastly, Arabic language films. In 1983, Robert Chaney and Christopher Carlo established The Music Box Theatre Corporation and began the arduous task of restoration. The theatre reopened in August of 1983 with a format of double feature revival and repertory films. Eventually, foreign films were reinstated, and independent and cult films were added to the roster. The Music Box Theatre now presents a yearly average of 300 films.

In 1991, management decided to add a second screen. Rather than split the main theater in two, management opted to build a small theater in an existing storefront adjacent to the lobby. The ambiance of the theatre was designed to echo the architecture of the main auditorium. The feeling is still atmospheric but because of the 13 foot ceiling, the feel is that of sitting under a garden trellis with stars in the night sky beyond. The screen size is capable of showing CinemaScope, wide screen and standard foreign film ratio of 1.66-1 as well as pre-1950 1.33-1 film ratio.