The Academy Awards will abandon Hollywood's Dolby Theater for downtown Los Angeles' Peacock Theater starting in 2029, marking a significant shift for the event's venue. This move, finalized in a deal with AEG, the global entertainment venue developer, will see the ceremony held at the Peacock Theater within the L. A.

Live complex. The Peacock offers 500 to 1,000 more seats than the current Hollywood home, addressing capacity needs. The partnership extends through 2039 and includes substantial upgrades to the theater's systems and backstage areas.

AEG's investment aims to enhance the Oscars' production quality and audience experience, leveraging L. A. Live's established infrastructure for large events.