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
23 new officers have completed training for Cleveland Police and are ready for patrol.
A week-long puppet festival event will take place in Newcastle after funding is secured.
A man has been jailed at Teesside Crown Court for engaging in sexual activity with a child, making an indecent image and child abduction.