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
Mostly fine and dry with sunny spells for the rest of Saturday. Cloudier, cooler with the risk of rain/drizzle into Sunday
A lorry driver from Northumberland has been found guilty of trying to smuggle half a million fake pound coins into the UK.
Almost 100 years after a group of trainee teachers arrived at the frontline in Ypres, a County Durham-born historian will tell their story.