‘The group that puts on the Academy Awards is mulling a plan to move the most famous event in show business from its longtime home, The Hollywood Reporter has learned.
After nearly a decade at the Kodak Theatre in Hollywood, last week the Academy of Motion Picture Arts & Sciences exercised a clause in its contract and notified the CIM Group, which owns the venue, that it may move the Oscars elsewhere after the 2013 show.
“Our plan right now is to exercise this [option] and then see what happens, what goes on. We’re open,” Tom Sherak, president of the Academy, tells THR in an interview. “Personally, I love the Kodak. I’ll say that until I’m blue in the face. I’ve been there since the very beginning. But in the next year the Kodak and others will come to us and the [Academy] board will make a decision at some point.”
The Oscars have been held at the Kodak since 2002 but the Academy’s long-term contract with the venue includes an “out” clause after ten years.’
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