The City Hall, which once hosted the Beatles and Buddy Holly, had been threatened with closure due to budget cuts.
In future the City Hall will be managed by the trust that runs the city's Theatre Royal.
Those who campaigned to save it, like Hazel Plater from the North East Music History Group, have welcomed the announcement, as long as the City Hall remains a music venue.
More top news
A look ahead at the forecast for the Tyne Tees region.
A Christmas tree in Durham has gone viral and captured the attention of famous author.
There are concerns that visibility could be less than 100 metres in some areas tonight.