By 1925, after the Bolshevik revolution, the restaurant was converted into the "Titan" movie theatre. It quickly became one of Leningrad's (St. Petersburg's) most popular haunts, so it was not surprising that in 1934 it was "Titan" that hosted the premiere of the now legendary film by the Vasiliev brothers - the civil war epic "Chapayev". The movie theatre also became a favourite spot for Leningrad's more bohemian circles, since it was here that international film festivals took place.
In March 1995, Nevsky Prospekt, house number 47, was made to reinvent itself once more - this time as casino club "Premier", which soon gained fame among those who valued exceptional and prestigious entertainment. The decor of "Premier" captivated with its elite, chamber finish, to match the respectable club atmosphere and a top level of service.
When it came to restoring the former restaurateur traditions of the building, and it was decided to create a new restaurant "Palkin", there were a number of complications to surmount. Renovation work of unique intricacy had to be carried out, all under guidance of experts from the State Hermitage museum. Firstly, effort was concentrated on restoring the building's original interiors; then a distinctive, particular style was introduced for each of the restaurant's halls - the fireplace hall, the chess hall, and the large hall, as well as for the bar and the red foyer. The restaurant's interiors are now regularly used for photo and video shoots, by makers of TV programmes and film directors.