Century of Memories
On a Friday night in downtown Tipton, somebody is explaining, for the hundredth time, where they sat on their first date in 1978. Somebody else is juggling popcorn in one hand and sodas in the other while ushering their children into the historic theater for the first time.
For nearly a century, the Diana Theatre has stood on Jefferson Street as both a landmark and a gathering place in downtown Tipton. Generations of families have passed beneath its marquee, settling into seats for first dates, Saturday matinees, holiday outings and summer blockbusters. This year marks the theater’s 100th anniversary, a milestone few small-town movie houses can claim.
For owner Nick Paikos, the history of the Diana is inseparable from the history of his own family.

“Our family has owned the Diana since 1926, when my grandfather turned a vaudeville stage into a movie theater,” Paikos says. “My father and mother began managing it with him in the 1950s through the 1980s. I have worked at the theater since 1966 in various capacities, helping to manage it since the 1990s.”
That continuity has become increasingly rare in the movie business, particularly as independent theaters across the country have struggled to survive changing technology, streaming services and shifting entertainment habits. Yet the Diana has endured by evolving carefully while holding onto the atmosphere that has long made it part of Tipton’s identity.
Paikos says improvements to the building have been ongoing for years, particularly over the last decade and a half. Recent upgrades include a new heating and air-conditioning system, updated projection and sound equipment, and new seating.
“We are working to make the Diana an even more accessible and useful community downtown space,” he says.
Walking into the theater today still carries traces of another era. The glow of the marquee spills onto the sidewalk. The lobby hums before a show begins. Teenagers work the concession stand while longtime customers exchange greetings before heading into the auditorium. In many towns, places like this have disappeared. In Tipton, it remains part of weekly life.
Paikos says the connection between the theater and the community has always mattered most to him.
“The most significant result of operating the Diana here for Tipton is the connection to the people of the community,” he says. “The feeling of contributing to the entertainment and social fabric of this area is rewarding and a blessing to be a part of.”
He says there are hundreds of customers and current and former employees with whom he has connected through the theater, and they have forever been imprinted as some of his and his family’s fondest memories.
“It is almost surreal at times, the staggering numbers of people that bring up memories and stories connected to the Diana,” he says.
Asked about favorite moments from nearly six decades at the theater, Paikos has stories to last a lifetime.
“So many that I could write a book,” he says. “Most of them involve seeing joy, wonder and feeling the gratitude from our customers.”
One moment, however, never loses its effect.

“To hear the entire auditorium of more than 350 people suddenly erupt into laughter or applause during a scene, or at the conclusion of a movie, is one of my favorite experiences here,” he says.
Keeping the theater operating has required long hours and a great deal of commitment, but Paikos credits the Diana’s staff for helping carry the business forward.
“We literally could not have made this happen without them,” he says. “They are the backbone, heart and soul of the Diana now.”
On weekends, the theater still fills with moviegoers, much as it did decades ago. The technology may have changed, but the experience remains familiar: popcorn in hand, lights dimming, the audience settling in together for a couple of hours inside the Diana Theatre — a place that, after 100 years, still feels central to the life of Tipton.
