Bristol is also the home of the World Wine Fair which takes place on the exciting waterfront which has also become established as a major venue for events such as the World Wildlife Film Festival. The waterfront is also the location of the Watershed, Bri tain's first media centre and the home of one of a number of independent cinemas in Bristol. The 18th century Theatre Royal in nearby King Street is the home of the Bristol Old Vic Theatre Company which was founded as an offspring of the famous London Old Vic and which is now the only company entitled to that honoured name. Hippodrom e provides opera and ballet, featuring major British companies and hosts visits by Britain's National Theatre. Classical music and rock concerts are given at the Colston Hall.
Sport plays a central role in the life of the city.
In cricket the city's loyalties are split between Somerset and Gloucestershire. The Bristol Grand Prix is one of the major events in world power boat racing and in the weeks before Wimbledon, Bristol is a centre for international tennis. It has to be admitted that Bristol is not the cheapest place in Britain to live. Bristol is an easy city to get around in. There are frequent small buses, and at rush hours large double deckers ply the routes mainly used by students.