Oscars staying in Hollywood at what's now called the Dolby Theatre
What was once the Kodak Theatre is now called the Dolby Theatre. The renaming and the deal for the Oscars to remain in Hollywood were announced Tuesday (May 1) by CIM Group, the company that owns the theater and the Hollywood & Highland mall that surrounds it. Kodak filed for bankruptcy earlier this year.
The deal calls for the Oscars to keep the Dolby Theatre as their home through 2033. The motion picture academy's previous lease with CIM was due to expire after the 2013 awards, and with Kodak's bankruptcy there had been some talk of the academy finding a new home for the show.
The Oscars first originated from the Kodak Theatre in 2002, returning to Hollywood for the first time in more than 40 years. Since the late 1980s the site had rotated between the Dorothy Chandler Pavilion in downtown Los Angeles and the Shrine Auditorium south of downtown.