This study aims to examine the transformation of Panji literature in the form of performing arts in East Java. Panji tale became the inspiration for the growth of works of art in various forms, including performing arts. The importance of Panji's story is studied, because until now it is still being acknowledged. The values ​​contained in the Panji story are still considered important by the community because they contain universal values, especially with the new values ​​implicitly implied in the work of transformation. This study uses a qualitative approach with data collection techniques: interviews, documentation and recording. Data validity is done by extending observations, and focus group discussions. Sources of data in the study include experts or researchers of Panji culture in East Java, as well as forms of Panji stories in several documents. The results of the study show that various forms of performing arts in East Java are transformations of the Panji story. The transformation of the banner story in performing arts can be seen in several arts such as Wayang Topeng (Malang), Wayang Beber (Pacitan), Wayang Timplong (Nganjuk), Panji Asmorobangun Dance (Kediri), Thengul Puppet (Bojonegoro), Kethek Ogleng (Pacitan, Wonogiri), Jaranan (Trenggalek, Blitar, Tulungagung), Reyog Ponorogo, and Kentrung. Given that there are so many arts that are transformations of the Panji story, therefore, it is very important to continue to carry out academic studies and the development of arts, especially performing arts so that the Panji Culture can survive and develop.