Oscars Relocating to Larger Venue Outside Hollywood Epicenter

In a historic move, the prestigious Academy Awards ceremony is set to relocate its venue outside of the traditional Hollywood epicenter. Beginning in 2029, the Oscars will be held at the Peacock Theater in downtown Los Angeles, the Academy of Motion Picture Arts and Sciences announced today.

The decision to move the Oscars to a larger and more centralized location comes as the event has continued to grow in scale and global viewership. The Peacock Theater, with its 8,000-seat capacity, will provide ample room to accommodate the ever-expanding list of nominees, presenters, and attendees.

"The Oscars have outgrown the Dolby Theater," said Academy President David Rubin. "By moving to the Peacock, we can offer a more modern, accessible, and technologically advanced venue that befits the grandeur of our show."

The decision to relocate the Oscars is part of a broader effort by the Academy to modernize and adapt the ceremony to the changing landscape of the entertainment industry. In recent years, the Oscars have faced declining television ratings and criticism over a lack of diversity in its nominations and winners.

By moving to a larger and more centrally located venue, the Academy hopes to attract a wider and more diverse audience, both in-person and through television and digital broadcasts. The Peacock Theater's state-of-the-art facilities and proximity to major transportation hubs are expected to make the event more accessible to both Hollywood insiders and the general public.

"This move represents an exciting new chapter for the Oscars," said Rubin. "We're confident that the Peacock Theater will provide a stunning and unforgettable backdrop for the world's most prestigious film awards ceremony."