The Oscars are leaving Hollywood.
In 2029, the year the telecast moves from ABC to YouTube, the ceremony itself will move from its longtime home at the Dolby Theatre in Hollywood to downtown Los Angeles and the Peacock Theater, 9 miles (14.5 kilometers) away.
The Academy announced Thursday that it has reached a 10-year agreement with AEG, which operates the L.A. Live complex where the Peacock Theater sits.
It's a surprising move, given that the Dolby was developed by the Academy of Motion Picture Arts and Sciences itself, expressly as a home for the Oscars. The ceremony has been held there since 2002.
The Peacock Theater is next to the Crypto.com Arena, home to the Los Angeles Lakers and Kings. In recent years, the theater has hosted the Emmy Awards and Rock & Roll Hall of Fame Induction ceremonies.
