The Academy of New Musical Theatre is a theater company and teaching facility that opened its doors in 1971. It is located on Lankershim Boulevard near Collins. Its goal as a creative entity is to create new musicals. Professional writers, producers, composers and actors work together to bring new musicals to fruition and subsequently onto the stages of Los Angeles. It offers concert readings, festivals and arts conferences throughout the year. As an academy, it also acts as a higher learning facility, offering professional programs of study to writers, composers and actors alike. Rehearsal space is available for rent as well.