Introduction to Dolby Theater: Dolby Theater, formerly known as the Kodak Theater, was renamed "Hollywood & Highland Center" in February 2012 and renamed to its current name in May 2012. It is located on Hollywood Boulevard in Hollywood, California, USA, in 2001 Opened on November 9, it is the venue for the Academy Awards ceremony. Until 2033, the Oscars will be held at the Dolby Theater.