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UPDATE: Hollywood & Highland Owner Pledges To Repay $30M LA Loan To Lure ‘IRIS’ To Venue

By DOMINIC PATTEN | Saturday December 1, 2012 @ 1:15pm PSTTags: Cirque du Soleil, Dolby Theatre, Oscars

UPDATE, 1:15 PM Saturday: Hollywood & Highland and Dolby Theatre owner CIM said today it will continue payments on the $30 million loan provided by Los Angeles city officials to lure Cirque du Soleil to the theater. CIM Group spokeswoman Karen Diehl issued a statement saying payments would be made as scheduled on the city loan OK’d by the City Council and Mayor Antonio Villaraigosa. “The loan is current, and CIM will repay the entire obligation of the loan in full,” the statement said.

PREVIOUSLY, 5:43 PM Friday: The Dolby Theatre will need to find a new tenant after the Oscars. Cirque du Soleil‘s IRIS, which has been the theater’s main tenant since Dolby took over sponsorship of the former Kodak Theatre on May 1, is closing earlier than expected. “After close to 500 well received shows at the world renowned Dolby Theatre, the last performance of Cirque du Soleil’s IRIS will be January 19, 2013. Despite phenomenal reviews and enthusiastic audience response, demand has not met projections”, Cirque senior director of communications Renée-Claude Ménard told Deadline in a statement late today. IRIS was originally scheduled to temporarily stop production on January 26, 2013, to allow time for set up of the Oscar show on February 24. IRIS was then expected to return to the Dolby in March to continue its run, but that now clearly is not going to happen. Ménard added that they would “redeploy as many of our artists and employees as possible to other Cirque du Soleil projects”. A 20-year deal was announced between Dolby and property owners CIM on May 1 that was contingent on the Academy Awards remaining at the venue. The Academy signed a 20-year deal with CIM the same day. Neither Dolby nor CIM responded to request for comment.

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‘Brave’ Premiere At Dolby Theatre Gets Sound OK

By THE DEADLINE TEAM | Thursday June 14, 2012 @ 5:03pm PDTTags: Brave, Disney, Dolby Theatre, Pixar

Disney/Pixar’s Brave will bow at the newly named Dolby Theater in Dolby’s new Atmos sound system after all. The company announced today that the 3D animated film will have its June 18 world premiere screening at the Hollywood & Highland … Read More »

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New Marquee Unveiled At Oscar Home Dolby Theatre

By DOMINIC PATTEN | Monday June 11, 2012 @ 6:21pm PDTTags: Brave, Dolby Theatre, Oscars

The audio company unveiled the marquee at a ceremony at Hollywood & Highland this evening. Dolby took over sponsorship of the former Kodak Theatre on May 1. At that time, a 20-year deal was announced between the company and property … Read More »

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‘Brave’ Premiere Continues To Face Sound Issues At New Dolby Theatre

By DOMINIC PATTEN | Monday June 11, 2012 @ 12:33pm PDTTags: Brave, Disney, Dolby Theatre, Pixar

There is still no guarantee that the June 18 world premiere of Disney/Pixar’s Brave at the newly named Dolby Theatre will feature Dolby’s new Atmos sound. The “life-like sensory experience” is among the tech upgrades the company is undertaking at the … Read More »

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First Photos: The New Dolby Theatre

By THE DEADLINE TEAM | Monday June 11, 2012 @ 10:56am PDTTags: Dolby Theatre, Oscars

Dolby Laboratories today is giving the media the first glimpse of its new digs, formerly known as the Kodak Theatre. The company already has added some signage on the inside … Read More »

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‘Brave’ Premiere To Open Dolby Theatre But Will Dolby Mix Be Ready?

By DOMINIC PATTEN | Friday May 18, 2012 @ 11:27am PDTTags: Brave, Disney, Dolby Theatre, Oscars

Brave Premiere Dolby TheaterDisney/Pixar’s Brave is set to mark the grand opening of the newly named Dolby Theatre on June 18 when it has its world premiere at the Oscars‘ Hollywood & Highland home. But Dolby’s new … Read More »

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Dolby Theatre Deal Contingent on Oscars Staying Put

By DOMINIC PATTEN | Tuesday May 1, 2012 @ 1:13pm PDTTags: Dolby Theatre, Kodak Theatre, Oscars

Dolby Theatre Academy AwardsDolby’s newly announced 20-year agreement to see its name up in front of the home of the Oscars, formerly known as the Kodak Theatre, is contingent on the Academy Awards staying at the Hollywood & Highland location. “As long as the Oscars are there, the Dolby Theatre will be there,” Ramzi Haidamus, Dolby Laboratories Executive VP Sales and Marketing said today in a conference call announcing the deal. Haidamus would not reveal financial terms of the deal Dolby made with landlord CIM Group other than to note that Dolby does have an opt-out clause if the Academy of Motion Pictures Arts and Sciences — who announced their own 20-year deal with CIM Group today — decides to move the Oscars from the present location. Haidamus also said that part of the contract called for frequent mentions of the Dolby Theatre during the Oscarcast. “This is much much more than putting our name on a building,” he said. “We’re looking at it as a broadcasting opportunity, a streaming opportunity and all types of branding opportunities.”|

Related: Oscar Right Where It Belongs: Hammond Read More »

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Oscars To Stay At Hollywood & Highland In Newly Named Dolby Theatre

By NIKKI FINKE, Editor in Chief | Tuesday May 1, 2012 @ 11:01am PDTTags: Academy Awards, Dolby Theatre, Kodak Theatre, Oscars

EXCLUSIVE: Just as Deadline predicted, the Academy Awards are Dolby Theatre Oscarsstaying put at Hollywood & Highland for the next 20 years in the former Kodak Theatre now named the Dolby Theatre, sources tell me. Kodak filed for bankruptcy … Read More »

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