The Academy of Motion Picture Arts and Sciences announced that the Oscars will leave its home of the past 27 years at the Dolby Theatre in Hollywood and relocate to the Peacock Theater at L.A. Live in

The Oscars will relocate from Hollywood to downtown Los Angeles' Peacock Theater in 2029, ending a long tradition.

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.

The Oscars are ending their partnership with Hollywood’s Dolby Theatre and moving to the Peacock Theater in downtown L.A. beginning in 2029.

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 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…