In brief
The Academy Awards will leave behind the Dolby Theatre in Hollywood, which has hosted the ceremony since 2002, to embrace a new venue with a larger capacity, marking a major change in its broadcasting approach. A multi-year partnership with AEG will support this evolution, with plans for better fan engagement and innovative experiences.
The Oscars will leave their longtime home in the heart of Hollywood and relocate to a more central Los Angeles venue beginning in 2029 - the same year its telecast is set to move to YouTube. The globally watched Academy Awards will now be held at the Peacock Theater, a venue with greater seating capacity than its current home, the Dolby Theatre.Perched across town on Hollywood Boulevard, the Dolby Theatre has hosted the Oscars since 2002 surrounded by the Hollywood Walk of Fame. The Academy of Motion Picture Arts and Sciences said the move was part of a multi-year partnership with AEG, the owner of the LA Live complex that also hosts the Emmy and Grammy Awards. L.A. LIVE was built to host the moments that define culture, and there is no greater global stage than the Oscars, said Todd Goldstein, AEG's chief revenue officer.Goldstein also pledged to create an environment that celebrates creativity, honors excellence, and delivers an unforgettable experience for movie fans everywhere. The eight-mile move to the Peacock Theater, which continues through 2039, will push the ceremony away from the iconic Hollywood sign but also mark a return to its roots, as the Oscars were historically held at the Dorothy Chandler Pavilion and Shrine Auditorium.Bill Kramer, the academy's CEO, and Lynette Howell Taylor, its president, expressed excitement about the partnership, stating that AEG's expertise in managing technologically advanced venues is unparalleled. This move aligns with the broader changes in how the Oscars will be broadcast, transitioning away from traditional TV to streaming platforms, with the ceremony continuing to be televised live on ABC until a full switch occurs with the centennial ceremony in 2028.
