Dolby Theatre Sold to Jebs Hollywood Entertainment

The iconic venue, home to the Oscars since 2002, will continue hosting the ceremony under new ownership.

The Dolby Theatre, a 3,400-seat venue in Hollywood, has been sold to Jebs Hollywood Entertainment, led by producer Elie Samaha.
The investment group includes notable figures like former Sony Pictures president Jeff Sagansky and Sheikh Abdulla Bin Mohamed Al Qasimi.
The sale includes the Dolby Theatre and surrounding parking lots, with plans to expand live performances, including international acts.
The Academy Awards will continue to be hosted at the Dolby Theatre through 2028, as per the existing contract.
The Dolby Theatre sits within the Ovation Hollywood complex, which underwent renovations and rebranding in recent years.