| The Academy of Motion Picture Arts and Sciences and AEG announce a landmark multi-year partnership that includes L.A. LIVE becoming the new home of the Oscars®, beginning with the 101st Oscars ceremony in 2029 and continuing through 2039. The Oscars ceremony will be held in the venue currently known as Peacock Theater.
AEG – the leader in sports and live entertainment and the developer and owner of some of the world’s most iconic venues – owns and operates L.A. LIVE, the internationally renowned 23-acre/4-million-square-foot sports and entertainment district in downtown Los Angeles adjacent to Crypto.com Arena. As part of this partnership, AEG will undertake comprehensive enhancements to the theater, including upgrades to its stage, sound and lighting systems, lobbies, backstage facilities and additional production-critical areas. AEG will collaborate closely with the Academy to incorporate bespoke design elements needed to accommodate the Oscars ceremony. Additionally, L.A. LIVE’s recently expanded plaza will host red carpet arrivals and activities, and the theater will be the first venue to host the Oscars when it becomes available on YouTube through an exclusive global rights deal with the Academy, which also begins in 2029. “We are thrilled to partner with a global powerhouse like AEG. Their track record for building and operating technologically sophisticated live performance venues is unrivaled,” said Academy CEO Bill Kramer and Academy President Lynette Howell Taylor. “For the 101st Oscars and beyond, the Academy looks forward to closely collaborating with AEG to make L.A. LIVE the perfect backdrop for our global celebration of cinema, both for our live in-theater audience and for film fans around the world.” “L.A. LIVE was built to host the moments that define culture, and there is no greater global stage than the Oscars,” said Todd Goldstein, Chief Revenue Officer, AEG. “We’re proud to partner with the Academy to reimagine what the Oscars can look and feel like in the years ahead. Together, we will create an environment that celebrates creativity, honors excellence, and delivers an unforgettable experience for movie fans everywhere.” Since the opening of Crypto.com Arena (formerly STAPLES Center) in 1999 and L.A. LIVE in 2007, the collection of venues, hotels (including The Ritz-Carlton and JW Marriott), restaurants, clubs and numerous hospitality spaces have hosted thousands of sports and entertainment events. The Oscars will continue to be held at the Dolby® Theatre at Ovation Hollywood and televised live on ABC and in more than 200 territories worldwide through the 100th Oscars in 2028. |
ABOUT THE ACADEMY OF MOTION PICTURE ARTS AND SCIENCES
The Academy of Motion Picture Arts and Sciences is the world’s premier film organization and is home to a global membership of more than 11,000 of the most accomplished film industry artists and leaders. The Academy connects global audiences – its members, the film industry, and film fans – through their shared passion for making and watching films. The Academy does this by recognizing and celebrating the arts and sciences of moviemaking through renowned awards for cinematic achievement, including the Oscars®, the Governors Awards, and the Scientific and Technical Awards. The Academy’s affiliated charitable organization, the Academy Foundation, serves a public benefit through its robust educational, preservation and cultural activities. This includes the Academy Museum of Motion Pictures, the world’s largest global film museum, the Academy Collection, the largest film-related collection in the world, and talent development programs for emerging artists. Year-round, the Academy creates opportunities for all communities to engage with the film world.
ABOUT AEG
Headquartered in Los Angeles, California, AEG is the world’s leading sports and live entertainment company. The company operates in the following business segments:
- Music through AEG Presents, which is dedicated to all aspects of live contemporary music performances, including the production and promotion of global and regional concert tours, an extensive portfolio of clubs, theaters and other music venues, concerts and special events and world-renowned festivals such as the Coachella Valley Music and Arts Festival;
- Venues and Real Estate, which develops, owns and operates world-class venues, as well as major sports and entertainment districts like Crypto.com Arena and L.A. LIVE, Uber Platz in Berlin and The O2 in London;
- Sports, as the world’s largest operator of high-profile sporting events and sports franchises including the LA Kings, LA Galaxy and Eisbären Berlin;
- Global Partnerships, which oversees worldwide sales and servicing of sponsorships including naming rights, premium seating, and other strategic partnerships;
- And Ticketing, through its AXS.com ticketing platform, which provides more than 400 clients worldwide with ticketing services that cover the gamut of entertainments, including sporting events, arena tours, music clubs, festivals, rodeos and family events.
AEG also collaborates with its affiliate companies including Walden Media, an independent film and television studio that develops and produces unique, motion pictures and television series that celebrate what we have in common, foster connection across generations, and aims to have a positive impact on society.
Through its worldwide network of venues, portfolio of powerful sports and music brands and its integrated entertainment districts, AEG entertains more than 100 million guests annually. More information about AEG can be found at www.aegworldwide.com.
ABOUT L.A. LIVE
L.A. LIVE is a 4‑million‑square‑foot, $3 billion sports and entertainment district located in downtown Los Angeles, adjacent to Crypto.com Arena and the Los Angeles Convention Center. The campus features The Novo, a 2,300‑capacity live music venue; Peacock Theater, a 7,100‑seat live theatre; and a 54‑story, 1,001‑room convention headquarters destination showcasing The Ritz‑Carlton, Los Angeles and JW Marriott Los Angeles at L.A. LIVE, along with 224 luxury condominiums known as The Ritz‑Carlton Residences at L.A. LIVE—all within a single tower. Additional highlights include the 14‑screen Regal L.A. LIVE cinemas, ESPN broadcast facilities, the GRAMMY Museum, and more than 24 restaurants, bars, and hospitality options. Developed by AEG, L.A. LIVE is considered the nation’s most active live content and event campus, hosting more award shows, sporting competitions, concerts, and hospitality experiences than any other destination in the world.
Visit L.A. LIVE at www.lalive.com
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