 |
| Dolby Theater holds Oscars |
Dolby has sold its Hollywood Theater, home of the Academy Awards. The 3,400 seat Theater was sold to
Jebs Hollywood Enterprises. Jebs is a holding company made up of a group of investors, including Two Girls Holdings, and Sheikh Abdulla Bin Al Qasimi through the investment firm Master International Group.
Neither Dolby nor the new owners have made the particulars of the deal public but rumors as the sale was "around the $50 million mark."
The Oscars have been held at the Dolby since 2002. The Theater also holds live events including "The Nutcracker" and other concerts. The new owners would like to continue its association with the Academy but so far there has been no comments from them.
No comments:
Post a Comment