Oscars to stay in Hollywood, at newly named Dolby Theatre
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Oscar banners are seen outside the Kodak Theatre in preparation for the 84th Academy Awards on Feb. 24. The venue formerly known as the Kodak Theatre will be renamed the Dolby Theatre under a 20-year naming-rights agreement between Dolby Laboratories and CIM Group, the owner of the shopping and entertainment complex at Hollywood Boulevard and Highland Avenue.
AMY SANCETTA, AP