Formerly known as the Kodak Theatre, it opened in late 2001, the crown jewel of the giant Hollywood & Highland project, and of the Hollywood renaissance in general. Built at a cost of $94 million, this 136,000 square foot theatre, with 3,400 seats, was custom-designed for the special needs of Oscar Night and other live TV broadcasts has been the permanent home of the Academy Awards since 2002 bringing the Oscars officially back to the city of Hollywood.
http://www.dolby.com/us/en/about/dolby-theatre.html6801 Hollywood Boulevard, Hollywood CA