The Academy of Motion Picture Arts and Sciences is set for a major transition, as the Academy Awards ceremony will move out of Hollywood to a downtown Los Angeles venue and begin streaming on YouTube from 2029, according to People.The Academy, in partnership with entertainment company AEG, announced that the Oscars will be hosted at the Peacock Theater, part of the L.A. Live, from 2029 through 2039. The venue is located next to Crypto.com Arena and the Los Angeles Convention Center.The move marks the end of an era for the Dolby Theatre, which has hosted the Oscars since 2001. The ceremony will continue to take place there and air on ABC through the 100th Academy Awards in 2028.In a joint statement, Academy CEO Bill Kramer and Academy President Lynette Howell Taylor expressed enthusiasm about the collaboration with AEG, highlighting the company’s expertise in operating technologically advanced live entertainment venues. They added that the new location would provide an ideal backdrop for celebrating cinema on a global scale.The Academy had previously announced its partnership with YouTube, which will run from 2029 to 2033. During this period, all Oscars-related coverage—including the red carpet, behind-the-scenes content, and the annual Governors Ball—will be available to stream on the platform.The Oscars have been held at multiple venues over the years. The first ceremonies took place at the Hollywood Roosevelt Hotel for its initial 16 years. Other past locations include Grauman’s Chinese Theatre, the Shrine Auditorium, the RKO Pantages Theatre, the Jattvibe International Theater, and the Dorothy Chandler Pavilion at the Music Center.The most recent ceremonies were hosted by Conan O’Brien. At this year’s awards, held on March 15, One Battle After Another emerged as the biggest winner with six awards, including Best Picture, while Sinners secured four wins. The 98th Academy Awards also introduced the first-ever Best Casting category, awarded to casting director Cassandra Kulukundis for her work on One Battle After Another, according to People.