Oscars to Move to Downtown LA Venue in 2029

The Academy of Motion Picture Arts and Sciences announced Thursday a multiyear partnership with entertainment giant AEG that will relocate the Oscars ceremony from its longtime Hollywood home to downtown Los Angeles starting in 2029. The 101st Academy Awards, set for that year, will take place at the Peacock Theater within the L.A. Live complex and continue there through 2039, marking a significant shift for the event after more than two decades at the Dolby Theatre.

The move aligns with broader changes for the Oscars, including the ceremony's transition from ABC to a live global stream on YouTube beginning in 2029. Under the agreement, AEG, which owns and operates the 23-acre L.A. Live district adjacent to Crypto.com Arena, will invest in substantial upgrades to the Peacock Theater. These enhancements include improvements to the stage, sound and lighting systems, lobbies, backstage areas and other production facilities. AEG officials said they will work closely with the Academy to integrate custom design features tailored to the Oscars, while the recently expanded L.A. Live plaza will serve as the site for red carpet arrivals and related activities.