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Posts Tagged ‘Kodak Theatre’

Dolby Negotiating Naming Rights to Former Kodak Theatre

Audio and video pioneer Dolby Laboratories are negotiating with the CIM Group for the naming rights to the former Kodak Theatre, according to Bloomberg News.

CIM isn’t expected to reach an agreement right away with the San Francisco based company as they solicit other offers. Kodak signed a 20-year naming rights deal for $72 million in 2000 and managed to break their deal in February after the company filed for Chapter 11 bankruptcy.

Negotiations for a new naming rights deal are overlapping with the Academy of Motion Picture Arts and Sciences negotiations to keep the Oscars at the Hollywood and Highland Center, built exclusively for the award show in 2001.

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Kodak’s Name Will Come Down From Theater

It’s time to break out the corporate checkbooks.

Eastman Kodak Co. received approval from a bankruptcy judge to end their 20-year sponsorship deal with landlord CIM/H&H Media for the naming rights of the Hollywood theater.

The home of the Oscars opened in 2001 and Kodak was paying $3.6 million a year for the naming rights.

The 131-year-old company filed for Chapter 11 reorganization last month. In a court filing, CIM claimed it was ”not practically feasible” for the Kodak name to come down prior to the Feb. 26 award show.

Eastman Kodak Co. Wants Out of Hollywood

Fresh off filing for Chapter 11 bankruptcy, the Eastman Kodak Company wants out of their naming rights deal at the theater on Hollywood and Highland and home of the Academy Awards.

The 131-year-old company asked a U.S. bankruptcy court judge Wednesday to release them from its $75 million naming rights deal with the CIM group, which owns the complex.

“Kodak is proud of its important role in the Entertainment industry, and our long standing relationship with film makers,” Kodak spokesman Christopher Veronda said in a statement. “Our motion today reflects our commitment to ensure that we are maximizing value for our entertainment customers, creditors and other stakeholders.”

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Are the Oscars Headed to the Nokia Theatre?

The Academy of Motion Pictures Arts & Sciences is looking into possibly relocating the Oscars from the Kodak Theatre to the Nokia Theatre starting in 2014, according to reports by The Hollywood Reporter (who first reported the story) and Los Angeles Times.

Preliminary discussions are underway between the Academy and AEG, the owners of the Nokia, which serves as home of the Emmy Awards and the American Music Awards. THR notes that the Shrine Auditorium and Music Center are also potential bidders for the film industry award show.

Hollywood would be the biggest loser if the Oscars end up relocating, according to the LAT:

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Trade Round-Up: Sept. 12, 2007

jon stewart.jpegStewart Tapped for Academy Awards
He’s baaaack! Jon Stewart has signed on to front next year’s Oscarcast, bringing him back to the Kodak Theatre stage for the second year in a row. And even though it’s his second outing, Stewart says in today‘s Variety, “I’m thrilled to be asked to host the Academy Awards for the second time because, as they say, the third time’s the charm.”

Pitt Back to Work, Again
Even though Brad Pitt and Angelina Jolie already have four kids and seem to repeat to the press over and over how they plan to take some time off, Mr. Pitt has signed on for yet another film role. He’ll reteam with his Fight Club costar Edward Norton in State of Play for Universal Pictures, Michael Fleming reports in today’s Variety. It’s an adaptation of the British miniseries and Kevin Macdonald will direct.

Toronto Film Acquisitions
THR’s film team gives the scoop on several acquisitions out of the Toronto Film Festival including George Romero’s Diary of the Dead to the Weinstein Co. and Tom McCarthy’s The Visitor to Overture Films. Read the rest of the fest sales wrap here.

- CHRIS GARDNER