In a significant shift for the Academy Awards, the Oscars will relocate from the iconic Dolby Theatre in Hollywood to the Peacock Theater at L.A. Live in downtown Los Angeles starting in 2029. This move marks the end of a longstanding tradition at the Hollywood venue, which has hosted the ceremony for 27 years. The change is part of a broader strategy to reach new audiences, as the Oscars will also debut a streaming presence on YouTube during this transition. The relocation is seen as a high-profile win for downtown Los Angeles, as the popular awards show seeks to reinvent itself and adapt to the evolving entertainment landscape.