Oscars moving to a new home outside Hollywood

Beginning in 2029, the Academy Awards will relocate from the Dolby Theatre in Hollywood to the Peacock Theater in downtown Los Angeles. The move, part of a multi-year partnership with AEG, aims to provide a venue with greater seating capacity. The Academy cited AEG's experience with technologically advanced live performance venues as a key factor in the decision. The Peacock Theater, located in the LA Live complex, also hosts the Emmy and Grammy Awards. This change coincides with the Oscars' planned move to YouTube streaming in 2029, although the 2028 centennial ceremony will remain at the Dolby Theatre and be televised on ABC. The move marks a shift away from the Hollywood area, where the Oscars have been held since 2002.

The Academy Awards will relocate to the Peacock Theater in downtown Los Angeles starting in 2029, ending its run at the Dolby Theatre in Hollywood. The move, effective for the 101st through 111th ceremonies, is part of a new partnership between the Academy of Motion Picture Arts and Sciences and entertainment company AEG. The LA Live complex, which includes the Peacock Theater, will host the red carpet and surrounding events. The Dolby Theatre will continue to host the Oscars through the 100th Academy Awards in 2028. The Academy cited AEG's experience in operating technologically advanced venues as a key factor in the decision.

Starting in 2029, the Academy Awards will stream exclusively on YouTube, ending a half-century run on ABC. The Academy of Motion Picture Arts and Sciences signed a multi-year deal granting YouTube global rights to the Oscars until 2033. The move aims to expand access to the awards show to a wider, global audience, particularly younger viewers who increasingly stream content. YouTube leadership views the partnership as an opportunity to inspire a new generation of film lovers. The shift reflects the ongoing trend of audiences moving towards streaming platforms, impacting traditional television networks and the broader Hollywood landscape, which is currently facing studio mergers and production cuts. ABC, the broadcast partner since 1976, will continue to air the Oscars for the next three years.