The Oscars venue has been sold to a group that includes 'Battlefield Earth' producer Elie Samaha, former Sony Pictures president Jeff Sagansky and a sheikh.
An investment group led by Elie Samaha, who owns the TCL Chinese Theatre, has made a deal to acquire the 3,400-seat venue.
The Dolby Theatre, known for hosting the Academy Awards, is selling to a prominent investor in the media and entertainment space.
As for the Oscars, the Academy Awards have called the Dolby home since 2002 (it was named the Kodak Theatre until Dolby bought the name rights in 2012), and they have a contract with the Dolby until ...