The Oscars are moving from Hollywood after more than two decades. Partnership with a giant in the entertainment industry
The Dolby Theater, the host of the Oscars since 2002, will continue to be the scene of the event until the 100th edition in 2028, and from 2029 the gala will be moved to a new location, according to the announcement made on Thursday by the American Academy of Motion Picture Arts and Sciences (AMPAS), The Guardian wrote.
From 2029, when the gala will no longer be on ABC, the station that has broadcast it since 1976, but will be streamed live and free on YouTube, the event will be held in the Peacock Theater in downtown Los Angeles. This location will host the event from the 101st edition until 2039.
10-year partnership between the Academy and AEG
The decision to move the Academy Awards is part of a 10-year deal between the Academy and entertainment giant AEG.
“We are thrilled to partner with a global force like AEG,” Academy CEO Bill Kramer and organization president Lynette Howell Taylor said in a statement. “Their track record in building and managing technologically sophisticated live performance venues is second to none.”
The Peacock Theater in Los Angeles opened in 2007 and has since hosted several major events. Legendary names such as Aretha Franklin, the Eagles and Juan Gabriel took the stage, and top ceremonies such as the Emmy Awards, the BET Awards, the American Music Awards and the MTV Video Music Awards were held.
“LA Live was built to host culture-defining moments, and there's no grander global stage than the Oscars,” Todd Goldstein, chief revenue officer at AEG, said in a statement. “We are proud to partner with the Academy.”
The new location will be modernized
According to the release, AEG, which has developed and owns numerous sports and entertainment venues, will oversee a number of significant improvements to the Peacock Theater in advance of the Academy Awards relocation. The efforts will include upgrading the stage, sound and lighting systems, backstage spaces and other areas critical to the production, The Hollywood Reporter wrote.
AEG “will work closely with the Academy to incorporate custom design elements necessary to host the Oscars.”
PHOTO: Valeriya Zankovych / Dreamstime.com.
