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They didn't really close down. When Queen Elizabeth died the new king, King James the First, granted them a Royal Warrant. This was equivalent to a royal sponsorship and out of gratitude and respect the renamed the company The King's Men.

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Q: When did the Chamberlain's Men close down and why?
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Related questions

Who preformed at the Globe theatre?

Lord Chamberlains men


Why was the lord chamberlains men thetre group changed to kings men?

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What did the Lord Chamberlains Men do in there time?

They were a theatre company. They put on plays.


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The Lord Chamberlain's men changed their name because they gained the patronage of the reigning monarch King James I thus becoming The King's Men.


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The owners of the Globe theatre were all members of the Lord Chamberlain's Men, including Richard and Cuthbert Burbage and William Shakespeare.


By which Monarch was each of Shakespeare's acting companies supported?

Queen Elizabeth I supported the Chamberlains Men acting company, and King James I supported the Kings Men acting company.


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Why did lord chamberlains men change their name to kings men in 1594?

They did not. They were formed as the Lord Chamberlain's Men in 1594. Their name changed to the King's Men (they did not have any choice in their name) when the King became their patron nine years later in 1603.