AEG

AEG, or Anschutz Entertainment Group, is a global entertainment company. It is in the news due to a new agreement with the Academy of Motion Picture Arts and Sciences to host the Academy Awards (Oscars) at the Peacock Theater in downtown Los Angeles, starting in 2029. This move marks the end of the Oscars' long-standing tradition of being held at the Dolby Theatre in Hollywood. The agreement with AEG involves significant upgrades to the Peacock Theater, including tailored design elements to accommodate the Oscars ceremony. This relocation coincides with the Academy's decision to stream the awards show on YouTube, signaling a shift in the event's presentation and accessibility. The partnership with AEG is a commercial agreement that will see the Oscars held at L.A. LIVE, a sports and entertainment complex, for at least a decade.