Paper is going to research Greek theatre and its relation to Dionysian cult giving an outline of the most recognized theories in the field dealing with the issue, in order to map some of the methods and insights of the contemporary approach to Antiquity. Side by side to the acknowledged theories of Jean-Pierre Vernant (French Anthropological School of Antiquity) and of Walter Burkert, I am going to represent research of theoretician, Classicist and a specialist in Balkan linguistics and religion of an older generation active in Belgrade still in the middle of the 20th century, Milan Budimir whose visionary work sheds a new light on the contemporary theories.