The show opens on an image of the Globe Theatre, with Ringo Starr unfurling a flag with the legend "Around The Beatles". The studio setting is arranged as a theater in the round, (hence the show's name) echoing the seating arrangement of the Globe. The opening act is a humorous rendition of the "play within a play", Pyramus and Thisbe (Act V, Scene I) from William Shakespeare's A Midsummer Night's Dream, with Paul McCartney as Pyramus, John Lennon as his lover Thisbe, George Harrison as Moonshine, and Starr as Lion.

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