The Oscars are leaving Hollywood -- sort of

The Oscars are leaving Hollywood.

In 2029, the year the telecast will move from ABC to YouTube, and the ceremony itself will move from its longtime home at the Dolby Theatre in Hollywood to downtown Los Angeles and the Peacock Theater, 9 miles away. 

The Academy announced Thursday that it has reached a 10-year agreement with AEG, which operates the L.A. Live complex where the Peacock Theater sits.

It’s a surprising move, given that the Dolby Theatre was developed by the Academy of Motion Picture Arts and Sciences itself, expressly as a home for the Oscars. The ceremony has been held there since 2002, and has provided an especially steady home for the Oscars, which have never stayed in a single venue for such a long stretch. The awards bounced between various LA hotels in its early years, before moving up to theaters in the mid-1940s.

The Dolby will continue to host the show as it airs in its final years on ABC, concluding with the 100th Academy Awards in 2028.

The Peacock Theater is next to the Crypto.com Arena, home to the Los Angeles Lakers and Kings. The theater’s capacity of about 7,000 is about twice that of the Dolby.


(AP file photo)