The Theater of the Stars is the name of the ampitheater that is home to Beauty and the Beast - Live on Stage and like so many other buildings in Disney's Hollywood Studios, there's a real life connection to be made.
The Theater of the Stars is based on, and somewhat a replica of, the Hollywood Bowl in the foothills of the Santa Monica mountains in Los Angeles, CA. The Hollywood Bowl is one of the largest natural amphitheaters in the world, whereas the Theater of the Stars is man-made.
The Hollywood Bowl was built in 1919 and been host to performances by many groups, most notably the Beatles, Frank Sinatra and Barbara Streisand.
The Hollywood Bowl today
The Theater of the Stars in Disney's Hollywood Studios
Originally, the Theater of the Stars was located at what is now the entryway to Sunset Boulevard from Hollywood Boulevard. The Theater of the Stars was in this located from May 1, 1989 to May 2, 1993, when it was removed and rebuilt at its current location on the new Sunset Boulevard expansion. The Theater of the Stars debuted in 1994 on Sunset Boulevard and was an opening-day attraction on the new street along with the Tower of Terror.