MUMBAI: With the Academy of Motion Pictures Arts and Sciences (AMPAS) having planned to shift the prestigious Oscar awards venue from Kodak Theatre in Hollywood, it has come to light the annual Academy Award ceremony might move to a new venue outside Hollywood after 2013.

The new venue is said to offer bigger facilities than in Kodak. It has more seats, better infrastructure, greater promotional opportunities and other facilities for parties and press.
 
Anschutz Entertainment Group (AEG), one of the leading sports and entertainment presenters in the world, which operates the LA Live and 7,100-seat Nokia Theatre, has already been in discussion with the AMPAS about the issue.
 
This year‘s Academy Awards will be presented at the Kodak Theatre in Hollywood & Highland Center on February 26.