Leased in April 2011, by cultural producers Frederico Reder Reder and Juliana, Rain entertainment, after more than ten years without activity, Tereza Rachel theater had its renovation started in the same year and was intensified in January 2012. Its architectural design was conceived by José Dias, the expert in revitalization theaters in Brazil. And it has the network as an official sponsor.

At the beginning of March 2012, The reopening of the theater will be officially announced in the media and on social networks., also announcing his name and motto, Theatro NET Rio – In Rio, Terezão is now.

Forty years after its first inauguration, the theater opens its curtains again 4 April 2012, with guests from the artistic and business class, with the show “Bibi – Stories and Songs”, in which Bibi Ferreira celebrates her 90 years of life and 70 years of career. And the 7 April for the general public.

The space has two rooms, with the biggest, Tereza Rachel's room, with capacity for more than 622 seats and the smallest, Paulo Pontes Room, con 100 seating. Theatro NET Río aspires to be the stage for all the arts.

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