The Oscars will leave their longtime home in the heart of Hollywood and relocate to a more central Los Angeles venue beginning in 2029 - the same year its telecast is set to move to YouTube.
The globally watched Academy Awards will now be held at the Peacock Theater, a venue with greater seating capacity than its current home, the Dolby Theatre.
Perched across town on Hollywood Boulevard, the Dolby Theatre (née Kodak Theatre) has hosted the Oscars since 2002 surrounded by the iconic Hollywood Walk of Fame.
The Academy of Motion Picture Arts and Sciences said the move was part of a multi-year partnership with AEG, the owner of the LA Live complex that also hosts the Emmy and Grammy Awards.
"L.A. LIVE was built to host the moments that define culture, and there is no greater global stage than the Oscars," said Todd Goldstein, AEG's chief revenue officer.
