Overview

• 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.