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Academy Awards moving to new venue after 27 years
The Oscars will leave their longtime Hollywood home at the Dolby Theatre in 2029, relocating to the larger Peacock Theater in downtown Los Angeles as part of a multi-year deal with venue operator AEG.
New location and expanded capacity
The Peacock Theater, part of the LA Live complex, will host the Academy Awards starting in 2029, marking an eight-mile shift from the Dolby Theatre on Hollywood Boulevard, where the ceremony has been held since 2002.
The new venue offers greater seating capacity and is already a familiar host for major awards shows, including the Emmys and Grammys. The move will keep the Oscars at the Peacock Theater through at least 2039.
A homecoming and a shift in tradition
While the relocation distances the Oscars from the iconic Hollywood sign, it also returns the ceremony to a more central Los Angeles location. Before settling at the Dolby Theatre (formerly the Kodak Theatre), the awards were held for years at the Dorothy Chandler Pavilion and the Shrine Auditorium.
Academy CEO Bill Kramer and President Lynette Howell Taylor called the partnership with AEG "a thrilling opportunity," praising the company's expertise in managing state-of-the-art live performance venues.
Broadcast changes accompany venue shift
The move coincides with a major change in how the Oscars are televised. After more than 50 years on ABC, the ceremony will stream live and for free on YouTube starting in 2029.
The 2028 Oscars, however, will remain at the Dolby Theatre as the Academy celebrates its centennial, with ABC continuing as the broadcast partner for that year.
AEG's vision for the Oscars
AEG Chief Revenue Officer Todd Goldstein described the LA Live complex as a hub for "moments that define culture," adding that the company aims to create an environment that "celebrates creativity, honors excellence, and delivers an unforgettable experience for movie fans worldwide."
"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 Chief Revenue Officer
