The Academy of Motion Pictures Arts and Sciences(AMPAS) has been planning to shift the esteemed Oscar awards venue from Kodak Theatre in Hollywood to Nokia Theatre in downtown Los Angeles.
The annual Academy Awards Ceremony has been held at the Kodak Theatre since 2001 and the ceremony will move to a new venue outside Hollywood after 2013.
AEG,which operates the LA Live and 7,100-seat Nokia Theatre, has by now been in discussion with the AMPAS concerning the issue.
The new venue is said to offer larger facilities than in Kodak. It has additional seats, improved infrastructure, superior promotional opportunities and other facilities for parties and press.
In addition a representative stated that the Academy has not commenced venue negotiations for the Oscar telecast beyond 2013.
This year, the Oscars will be presented at the Kodak Theatre in Hollywood & Highland Center on Sunday, February 26.
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