Oscars Move to Peacock Theater in Downtown LA

0:00It's March 26. This is Global News Today, AI-powered stories shaping the world. I'm Corey, with the story. The Academy Awards are packing up from their Hollywood home. Starting in 2029, the Oscars ceremony heads to the Peacock Theatre in downtown Los Angeles, roughly 9 miles away. The Academy just inked a 10-year deal with AEG, the company behind the LA Live Entertainment District where the theater sits. This shift matches the broadcast jumping from ABC to YouTube, that same year. The Dolby Theatre has held steady as the Oscars venue since 2002, marking the longest run in awards show history. Earlier venues tell a different story of cost and change. The ceremony started in hotels, then hit theaters in the mid-1940s. It stuck longest before at the Dorothy Chandler Pavilion from 1968 to 1986, and later split time with the shrine, Auditorium. The Peacock Theatre neighbors thecrypto.com arena, home to the Lakers and Kings. It is welcome to Emmy Awards and Rock and Roll Hall of Fame events in recent years.

1:04AEG promises major renovations and custom tech tweaks to suit the Oscars production. The Dolby stays put through 2028 for the 100th Academy Awards. With these upgrades, the Oscars gain a fresh, vibrant hub right in the heart of downtown.