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05/01/2012 05:57 PM

Dolby Acquires Naming Rights of Hollywood Theatre

By: YNN Staff

Dolby Acquires Naming Rights of Hollywood Theatre
The former Kodak Theatre in Hollywood has a new name. The home of the Academy Awards will now be called the Dolby Theatre.

Dolby plans to install breakthrough audio technologies inside the theatre and will update it with newer technologies as they arrive.

Kodak dropped the naming rights following its bankruptcy filing and the theatre was temporarily called the "Hollywood and Highland Center."