The Oscars are moving to the Peacock Theater in 2029, their first year on YouTube

LOS ANGELES (AP) — The Oscars are leaving Hollywood.

In 2029, the year the telecast moves from ABC to YouTube, the ceremony itself will move from its longtime home at the Dolby Theatre in Hollywood to downtown Los Angeles and the Peacock Theater, 9 miles (14.5 kilometers) away.

The Academy announced Thursday that it has reached a 10-year agreement with AEG, which operates the L.A. Live complex where the Peacock Theater sits.

It’s a surprising move, given that the Dolby...