Washington DC, March 28 -- The Academy Awards are set for a major transition, as the ceremony will move out of Hollywood to a downtown Los Angeles venue and begin streaming on YouTube from 2029, according to People.

The Academy of Motion Picture Arts and Sciences, in partnership with entertainment company AEG, announced that the Oscars will be hosted at the Peacock Theater, part of the L.A. Live complex, from 2029 through 2039. The venue is located next to Crypto.com Arena and the Los Angeles Convention Center.

The move marks the end of an era for the Dolby Theatre on Hollywood Boulevard, which has hosted the Oscars since 2001. The ceremony will continue to take place at the Dolby Theatre and air on ABC through the 100th Academy Awards ...