Oscars Kodak Theatre changes name to Dolby Theatre

Michael Edwards
Yahoo UK Movies News
2 May 2012

After the bankruptcy of film lab Kodak and their attempts to renege on a sponsorship deal with the historic Kodak theatre, there was some speculation over whether the cinema would continue to be the venue of choice for Tinsel Town's most illustrious ceremony.



The space was fortunately retained for the 2012 ceremony, at which 'The Artist' triumphed, but with its financial future uncertain - there were no guarantees after that.



Now Dolby Laboratories have announced a new sponsorship deal that will see the cinema renamed the Dolby Theatre for the next 20-years.

[Related gallery: Oscars 2012 red carpet picture gallery]

The deal will also see the Oscars locked to the venue until at least 2033. Now that's stability for you.

Speaking to The Hollywood Reporter, Tom Sherak, president of the Academy of Motion Pictures Arts and Sciences, said:

“We wanted to be in Hollywood. The Academy Awards belong in Hollywood. Dolby is a proud industry name.”

Dolby, meanwhile, say they will use the prestigious space to “create a world-class showcase for Dolby’s current and future technologies.”

What to read next

How much can you actually save by refinancing?

Rates now at 3.11% APR 5/1 ARM- $250K for $972/mo. LendingTree's simple online tool to help determine how much you could be saving by refinancing.

Heartburn During Pregnancy

Dealing With Pregnancy is Hard Enough. Getting Heartburn While Pregnant is a Pain. Learn What Causes Heartburn During Pregnancy.

Barbra Streisand: Remembering Babs – 73 years

The trophies bear the the names: Emmy, Grammy, Oscar, and Tony.

4 Ways to Avoid Running Out of Money in Retirement

If you have a $500,000 portfolio, download “The 15-Minute Retirement Plan” by Forbes columnist Ken Fisher’s firm to learn more.

Make your home a Vivint Smart Home.

Remotely control your thermostat, view your front door from anywhere, and control locks from your phone with Vivint's home automation packages.