The Globe Theater was the most popular of the several theaters in London in the late sixteenth century. It was jointly owned by Lord Chamberlain's Men, an acting troupe which counted Richard Burbage and William Shakespeare among its membership. Built in 1599, The Globe was the home of Lord Chamberlain's Men (later called the King's Men after being bought out by James I of England) until it burned down in 1613. It was rebuilt in 1614, and used until 1642. A new Globe Theater was built nearby in the late 20th century.