Even Hollywood is abandoning Hollywood

Hollywood is following the exodus out of Hollywood, although they aren't going as far as others: The Oscars are leaving the Dolby Theatre for the Peacock Theater.

 

What this means is that the Academy Awards will depart its Hollywood Boulevard location of over twenty years for the L.A. Live complex in Downtown L.A. This will put them near the Crypto.com Arena (formerly Staples Center).

 

The problem with this, in my opinion, is two-fold. All of Los Angeles has gone downhill in the past 5-10 years, overrun with drug-addled homeless, increasing crime, and rising cost of living that hugely outpaces the rest of the country (in fact, this pretty much applies to all if not most of California). So Hollywood the town loses one of the few things left that gives it shine and prestige, but the event moves to an area (DTLA) that has even worse problems than Hollywood. I haven't been to DTLA in years, not even to see a Kings game, partly because I no longer feel safe on Metro or the area, and only partly due to the team's lackluster play. So neither location is particularly desirable, but at least Hollywood Boulevard put the ceremony in the heart where it all started for Tinseltown.

 

I lived in Hollywood for fifteen years (1997-2012) and watched it bloom after years of deterioration with the addition of the Kodak Theatre, the return of the Oscars, and the installation of the Red Line subway. You couldn't pay me to live there now. And I remember when the Oscars moved to the Kodak/Dolby - after years at the Dorothy Chandler Pavilion in DTLA - bringing the ceremony to the industry's namesake town was presented as a big, meaningful deal. I think it's a real hit for Hollywood and Hollywood Boulevard as a destination (albeit one that needs to be cleaned up big time).

 

And it's not just Hollywood the town that's lost much of its luster - the film industry has been dying, especially in the past few years after the 2023 writers and actors strikes. Viewership for the Oscars has plummeted over the years. It's no longer appointment television. What was once a yearly event now barely registers with a huge portion of the public.

 

This isn't the only recent move made by the Academy. They recently announced the broadcast was leaving its long-time home on ABC to YouTube. While this may be a statement about the power of tech over broadcast television, I think it also says something about the drop in viewership. This may make it easier for more people to watch, giving them a chance to claim increased interest and restored importance. Both moves take effect with the 2029 ceremony.

 

Updated 4/3/26: The exodus continues to hollow out the home of the entertainment industry: J.J. Abrams is closing the Los Angeles location of Bad Robot, his production company.