It’s Red Eye Theater’s 35th season, and nearly the end of an era for co-founders Steve Busa and Miriam Must. A year from now, the small experimental performance space at the edge of Loring Park will begin its transition to new leadership. Before that happens, we get to see these two stalwarts of the Twin Cities theater community in action, doing what they do best. In October, Red Eye will present the last in a trilogy of original scripts by playwright Katherine Sherman created in collaboration with director Busa. Each of the plays in the series is inspired by a 20th-century cinematic masterpiece. The first two took on Fritz Lang’s M and Jean-Luc Godard’s Contempt. The final piece in the trilogy, Life’s Parade, finds inspiration from Douglas Sirk’s 1954 melodrama, Magnificent Obsession, and features Must in the central role. The show will be supported by a ’50s-style score created by Skyler Nowinski, and choreography by Dolo McComb.