There has been a great deal of speculation as to what would happen to the Disneyland "Main Street Magic" which closed recently. According to MousePlanet.com, the shop will re-open soon under new management after a renovation.
As expected, the Main Street Magic Shop closed last week for a one-month renovation, (though a peek inside the store this weekend revealed that construction has yet to begin). When it reopens, it will be operated by Houdini's Magic Shop. According to an announcement sent out to cast members, "Houdini's will further enhance the Guest experience by offering an expanded assortment of quality products as well as certified magicians to perform demonstrations."