Dolby takes over Oscars venue name

  • Wrap Up Party Of Bombay Velvet

    Wrap Up Party Of Bombay Velvet

    Wrap Up Party Of Bombay Velvet

    The event was the wrap up party of the movie Bombay Velvet. At the party were present Karan Johar,Anurag Kashyap,Ranbir Kapoor,Remo Fernandez and Siddhartha Basu. At the party they also decided to announce the release date of the movie. Katrina Kaif was missing from the party other wise it was reported that she took trips to see Ranbir Kapoor while he was shooting the movie. …

  • Malaika Arora Khan:The SEXY Fashion Diva

    Malaika Arora Khan:The SEXY Fashion Diva

    Malaika Arora Khan:The SEXY Fashion Diva

    Malaika Arora Khan has been the queen of item songs in Bollywood. She was here spotted at the launch of new fashion store in Mumbai. …

  • Amitabh Bachchan Celebrates Bhootnath Returns Success

    Amitabh Bachchan Celebrates Bhootnath Returns Success

    Amitabh Bachchan Celebrates Bhootnath Returns Success

    The event was a party held to celebrate the success of the movie Bhootnath Returns. At the event were present Amitabh Bachchan,director Nitesh Tiwari,producers Bhushan Kumar,Krishan Kumar and his co stars Parth Bhalerao and Boman Irani among others. …

The Hollywood venue that hosts the annual Oscars show was renamed the Dolby Theatre on Tuesday, after the audio pioneer gained naming rights previously held by bankrupt camera company Kodak.

Kodak pulled out weeks before this year's Academy Awards show in February, and talks have been ongoing to find a new backer for the venue, next to the iconic Grauman's Chinese Theatre on Hollywood Boulevard.

Britain-founded, California-based audio technology pioneer Dolby announced a deal with the CIM Group, which owns the Hollywood & Highland Center of which the Oscars venue is part, to put its name on the venue for the next 20 years.

"Dolby is a brand recognized around the world for creating the best, most life-like entertainment sound experiences in any environment," said Dolby Laboratories chief Kevin Yeaman.

"This partnership with CIM allows the Dolby Theatre to be not only the world-stage for the Academy Awards, but for Dolby innovations for decades to come," he added.

CIM Group co-founder Shaul Kuba added: "Dolby Laboratories has a long history in Hollywood and has made significant contributions to the entertainment industry.

"It is a respected international brand and technology innovator. We are proud to welcome them as our partner on the Dolby Theatre at Hollywood & Highland Center," he said.

A bankruptcy court in February approved Kodak's request to cancel its contract with the until-then Kodak Theatre, ruling that it was "in the best interests of the debtors, their estates, their creditors and other parties."

The contract between Eastman Kodak and theater owner CIM was valued at $72 million -- $3.6 million per year for 20 years.

The theater, inaugurated in November 2001 with seating for 3,332, has hosted the Academy Awards since 2002.

Kodak, an iconic American firm that introduced generations of consumers to mass-market cameras, filed for bankruptcy in January.

Follow @YahooMalaysia on LINE for daily entertainment updates.

Loading...
  • Kris Dayanti pilih Malaysia
    Azizah Saleh - Tupai
    Kris Dayanti pilih Malaysia 3 hours ago
    Kris Dayanti pilih Malaysia

    Diva popular Indonesia membuat kemunculan kembali dan memilih Malaysia sebagai destinasi untuk melancarkan album terbarunya khas buat tatapan peminatnya di negara ini. …

  • Mila Kunis & Ashton Kutcher bakal timang anak perempuan
    Mila Kunis & Ashton Kutcher bakal timang anak perempuan

    Walaupun masih belum mengesahkan berita kehamilan mereka, pasangan pelakon Hollywood ini dikatakan bakal menimang cahaya mata perempuan. …

  • Zizan rancang kahwini kekasih Januari 2015
    Hana Ahmad - Tupai
    Zizan rancang kahwini kekasih Januari 2015 8 hours ago
    Zizan rancang kahwini kekasih Januari 2015

    Pelawak dan pengacara popular ini merancang untuk mengahwini aktres Emma Maembong pada awal tahun 2015 dan ingin urus karier sendiri. …

  • Gervais: Female characters can be neglected
    Gervais: Female characters can be neglected

    Ricky Gervais is always "careful" when writing female characters. …

  • Vegan make-up
    Cover Media
    Vegan make-up 9 hours ago
    Vegan make-up

    Make yourself look beautiful without feeling guilty about what products you're using. …

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.