Theatre moguls Garth Drabinsky and Myron Gottlieb will find out Tuesday if their appeals on their fraud convictions were successful.

The theatre heavyweights, whose company Livent Inc. produced Canadian and Broadway theatre hits such as "The Phantom of the Opera," were each convicted of two counts of fraud in 2009.

Drabinsky was sentenced to seven years behind bars, while Gottlieb received six years.

Their appeal was heard before the Ontario Court of Appeal in May and the court will release its decision on Tuesday.

They argued their accounting staff perpetrated the fraud without their knowledge.

Gottlieb wants a new trial while Drabinsky wants an acquittal.