LOS ANGELES (KABC) — The Oscars will be held at a new venue beginning in 2029, as the ceremony moves from its longtime home at Hollywood’s Dolby Theatre to the L.A. Live entertainment complex in downtown Los Angeles, the Academy of Motion Picture Arts and Sciences and AEG announced on Thursday.

The 101st Oscars will be held at the Peacock Theater, where the annual ceremony will remain through 2039, according to a new release.

“As part of this partnership, AEG will undertake comprehensive enhancements to the theater, including upgrades to its stage, sound and lighting systems, lobbies, backstage facilities and additional production-critical areas,” the statement said. “AEG will collaborate closely with the Academy to incorporate bespoke design elements needed to accommodate the Oscars ceremony.”

Hollywood’s biggest night lived up to that moniker tonight. Oscar winners filled those after parties following the 98th Academy Awards.

L.A. Live’s recently expanded plaza will host red carpet arrivals and activities, and the theater will be the first venue to host the Oscars when it becomes available on YouTube through a deal with the Academy, which also begins in 2029, officials said.

“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. “We’re proud to partner with the Academy to reimagine what the Oscars can look and feel like in the years ahead.”

The Academy Awards will continue to be held at the Dolby Theatre and televised live on ABC and in more than 200 territories worldwide through the 100th Oscars in 2028.

Michael B. Jordan celebrated his big Oscar win in the most California way possible – a stop at In-N-Out!

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