Hollywood Farewell: The Oscars Are Moving Out

It's the end of an era. Since 2002, the Dolby Theatre on Hollywood Boulevard has hosted the crème de la crème of world cinema. Starting in 2029, that will finally come to an end.

The Academy of Motion Picture Arts and Sciences and the Anschutz Entertainment Group (AEG) have sealed a partnership: the Oscars ceremony is moving to the Peacock Theater in the L.A. Live complex in downtown Los Angeles. And it will stay there until at least 2039.

The announcement has caught the film world off guard. Yet the departure from the Dolby Theatre appears to have been carefully planned. The 100th Academy Awards in 2028 will still be held there, serving as a fitting send-off after nearly three decades in Hollywood. After that, the red carpet belongs to a different address.

"There is no greater global stage than the Oscars." Todd Goldstein, AEG

The Peacock Theater is no stranger to the awards circuit. It has hosted the Primetime Emmy Awards since 2008. For the Oscars, the venue is set to undergo a comprehensive modernization: stage, sound, lighting, foyers, and backstage areas will all be completely renovated. The newly redesigned L.A. Live Plaza will take on the role of the famous red carpet.

The move is part of a radical overhaul of the show. Starting in 2029, the broadcast will shift to YouTube after decades with ABC. The Oscars are thus becoming more global and more digital.