Located on Lindsay Street, opposite to the entrance of New Market, Globe Cinema Hall was originally a wooden opera House, known as the Old Opera House. Established in 1827, the Old Opera House was subsequently renamed as Bijou Grand Opera House and in 1906, it was sold by E H Ducasse to E M Cohen, who further changed its name to Grand Opera House.

Later, Cohen converted it into a movie theatre and named it Globe Cinema, with the intention of screening Hollywood films. In those early days of the 20th century, it was one of the first few theatres in Calcutta, which regularly screened English movies to the much delight of the European community of the city. During the days of the Second World War, it became one of the most popular entertaining centres for the allied soldiers stationed in the city.

After the independence of India, Globe Cinema, like the other theatre halls in Calcutta screening exclusive Hollywood films, suffered the first blow, due to the mass exodus of the Europeans and the Anglo-Indian community from the city. However, after the preliminary shock, things settled within a very short time, as the enlightened young generation of city found that the taste of the gorgeous and well made Hollywood films are quite different from the Indian films. In fact, until the later part of the 1960s, the Globe Cinema, along with the Light House and New Empire, made a golden triangle for the English movie lovers of Calcutta. While the Globe was comparatively smaller than the other two, it was an aesthetically illuminated spacious hall, with a wide screen and comfortable seating arrangements, equipped with a cozy bar.

Unfortunately, the golden days did not last long. If the turbulent political situation prevailing in Calcutta during 1969-1970 was a massive blow to withstand, the beginning of the new multiplexes in the city, with all the modern amenities, was the final nail in the coffin of the single screen theatre halls.

In the course of time, the century-old theatre hall became the property of Sidhwa family and Jal Tata, proprietors of Globe Theatres Private Ltd, headquartered in Mumbai. Subsequently, the Dhansri Abasan Private Ltd, partnered with Goldstar Enclave Private Ltd, acquired the Globe Theatre Private Ltd.

Calcutta based film distributor Arijit Dutta of Priya Entertainment took Globe on lease in 2000. According to him, it was offered to him, as the people in Mumbai were unable to maintain and run the hall properly. However, as he found it difficult to maintain the class of the hall, due to the absence of a parking lot and the extremely crowded side lane leading to the Treasure Island, a shopping mall, he handed back the hall to the owners in April 2006.

Finally, in July 2011, Nitin Kumar Jain, Megh Raj Daga and Devinder Singh Shant acquired the glorious Globe cinema hall, standing in a pathetic condition in a crowded area. By 2014, under the stewardship of this team led by Jain and his company, the Konsortia Construction Company Private Ltd, the cinema hall was converted into a boutique shopping mall with about 100 shops, along with food courts and a two-screen multiplex.