Both companies need a Government lifeline of a combined $500k grant and a five-year extended lease on iconic Lion Arts institution.
And to kick things off, music legend Montaigne and Gang of Four will be playing.
Five Four Entertainment and Fat Controller are teaming up to give Adelaide an awesome spring festival.
The new Pirie Street venue is set to be a cool speakeasy style bar during the afternoon offering delicious tapas and drinks, before turning into a high quality live music venue at night.