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Kodak Wants Their Name Taken Off Of Kodak Theater

| Filed under: Etc.Business BlitzOscarsFor Reals Estate

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This is awkward.

After filing for bankruptcy, Kodak is asking to have their name taken off the Kodak Theater in Hollywood. The Oscars theater was purchased by Kodak and built in 2000, but now the now bankrupt company wants to back out of their deal, since it costs them $4 million a year.

Lame!

In fact, this could be the second to last year the Oscars will be held in that theater since the Academy of Motion Picture Arts and Sciences did NOT renew their contract with the theater after 2013.

This is going to be a huge pain in the a** considering the theater and shops surrounding the venue are littered with the Kodak logo, brand, and merchandise.

So, the big question is, where will the Oscars go? Sources are whispering that the Nokia Theater in downtown El Lay is a possibility.

Wherever the awards show moves to, we all can pretty much assume that the traffic will be insane around awards time.

Ugh.

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3 comments to “Kodak Wants Their Name Taken Off Of Kodak Theater”



  1. 1

    This theatre will probably close if its not bought out.
    lulul.



  2. 2

    Can't they sell the theater and whomever buys it then continues to play host theater to the Oscars? r is the theater unmarketable for other reasons beyond he general economy? Or maybe the Oscars have been waiting to move to other digs anyway and this is just as good a reason not continue at that theater (no matter who owns it)?

  3. j.no says – reply to this


    3

    How is this lame exactly? The theater will NOT close. It currently houses Cirque de Soiled for the next few years as well as other projects. Kodak could keep wasting $4 million annually and layoff about 100 people in order to afford it, or they can drop the sponsorship and take care of its business. That's far from a lame decision you ass.