Oscars to Exit Hollywood for Downtown LA and YouTube Streaming

After a century in Hollywood, the Oscars are moving to a new home.

Oscars to Exit Hollywood for Downtown LA and YouTube Streaming

The Academy announced on Thursday that the 2028 ceremony—the 100th anniversary of the awards—will be the final one held at the Dolby Theatre on the Hollywood Walk of Fame.

Starting in 2029, the gala will move to the Peacock Theater in downtown Los Angeles. This new venue is located within the LA LIVE entertainment district, right next to the Crypto.com Arena (where the Lakers play).

“For the 101st Oscars and beyond, the Academy looks forward to closely collaborating with (owners) AEG to make LA LIVE the perfect backdrop for our global celebration of cinema, both for our live in-theater audience and for film fans around the world,” Academy CEO Bill Kramer and President Lynette Howell Taylor said.

The Academy has signed a 10-year deal with AEG to move the Oscars downtown. This major shift happens just as the ceremony leaves traditional U.S. network television to be streamed globally on YouTube.

This transition ends a long chapter at the Dolby Theatre, which sits only a short walk from the Roosevelt Hotel—the historic spot where the very first Oscars were held in 1929. By moving away, the awards are officially leaving the neighborhood where their legacy began nearly a century ago.

Although Hollywood and the Oscars feel inseparable, the ceremony hasn't always stayed in one place. Over the years, stars have gathered at various venues in Downtown LA, and for most of the 1960s, the event actually took place in the seaside city of Santa Monica.

At the most recent ceremony on March 15, the night's top honor went to Paul Thomas Anderson’s "One Battle After Another." The film, which won Best Picture, is a gritty story involving leftist revolutionaries, white supremacists, and immigrant detention centers.