ROSEMONT, Ill. (CBS) — Even though the Allstate Arena has carried its current name for about 13 years now, many Chicagoans still often trip up and call it Rosemont Horizon.

And now, another major venue in Rosemont also has a new name.

The Rosemont Theatre, at 5400 N. River Rd. in Rosemont, has been renamed the Akoo Theatre at Rosemont.

The Village of Rosemont handed over naming rights to the Rosemont-based Akoo International interactive media company, according to a news release

Akoo paid $1.5 million for a five-year deal, as well as access to performers at the theater for music and video content.

“As operator of the leading out-of-home entertainment television network in the U.S., Akoo International is a perfect partner for the theater,” Rosemont Theatre executive director Harry Pappas said in a news release. “We’re very excited to have the Rosemont-headquartered company as an active contributor to the local community.”

The 4,400-seat Rosemont Theatre opened in 1995.

Back in 2008, Rosemont Mayor Bradley Stephens offered the venue to the State of Illinois for use as a casino, but the state’s 10th casino license ended up going to the Rivers Casino in nearby Des Plaines.

Watch & Listen LIVE