Oscars to relocate from Hollywood in 2029
The Oscars are set to leave their home in Hollywood from 2029 and relocate to a central area in Los Angeles. It is also set to be broadcast on YouTube from that year.
The world-famous Academy Awards will be held at the Peacock Theatre which boasts a higher seating capacity than its current site at the Dolby Theatre. The latter, on Hollywood Boulevard, has hosted the Oscars since 2002 and is also the site of the Hollywood Walk of Fame. It was previously known as the Kodak Theatre.
The move came following a multi-year partnership with AEG, the firm which owns the LA Live Complex that also hosts the Emmy and Grammy awards, the Academy of Motion Picture Arts and Sciences said.
“L.A. LIVE was built to host the moments that define culture, and there is no greater global stage than the Oscars,” Todd Goldstein, AEG’s chief revenue officer said. The new venue will create an environment “that celebrates creativity, honors excellence, and delivers an unforgettable experience for movie fans everywhere,” he added.
The move to the Peacock Theatre will continue for at least a decade, moving the Oscars away from the Hollywood sign but being closer to its former home at the Dorothy Chandler Pavilion and Shrine Auditorium.
“We are thrilled to partner with a global powerhouse like AEG,” Bill Kramer, the academy’s CEO, and Lynette Howell Taylor, its president, said in a statement. “Their track record for building and operating technologically sophisticated live performance venues is unrivaled.”
This will also coincide with another major change, moving the event from TV in the US to being streamed on YouTube for free from 2029, ending its decades-long broadcasting on ABC.
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