What do Timothy Chalamet, K-pop, and Paul Thomas Anderson all have in common? They could all be winning their first Oscar at the 98th Academy Awards. I’m Megan Campanova, the entertainment reporter for Hearst Television. Let’s break down who could be taking home their first award on movie’s biggest night in 2026. Paul Thomas Anderson is no stranger to the Oscars. Throughout his career, he has been nominated for 14 Academymy. Awards for Best Screenplay, Best Director, and Best Picture. However, he’s never taken home an award. At the 2026 Academy Awards, he is nominated for Best Director, Best Adapted Screenplay, and Best Picture for his movie One Battle After Another. After winning at all of the precursor awards such as the Golden Globes, the BAFTAs, and the Actor Awards, it can be inferred that Paul Thomas Anderson will be finally. Taking home one of those trophies. Another no stranger to the Oscars is Timothy Chalamet. Just last year, he was nominated for Best Actor, and once again this year, he’s nominated for Best Actor. Timothy Chalamet is nominated this year for his role in Marty Supreme, and after losing 3 times in the lead actor race, it seems like Timothy Chalamet might finally be taking home his first Oscar. New to the scene is Jessie Buckley. Jessie Buckley is nominated for her role in Hamlet for Best Lead Actress. After winning at all the festivals, all the precursor awards, it’s pretty much Jessie Buckley’s award to lose. And finally, K-pop. K-pop Demon Hunters is nominated for Best. Animated feature at the Oscars, and its song Golden from the soundtrack is nominated for Best Original Song. After K-pop Demon Hunters took over the world this year, and its wins at the Grammys and the Golden Globes, it is very likely that K-pop will be joining an elite group of you that have Oscars.
Inside the Dolby Theatre, the venue built specifically for the Oscars
The 98th Academy Awards takes place this Sunday, March 15, at the Dolby Theatre at Ovation Hollywood—the same venue that has hosted the ceremony every year since 2002.The theatre wasn’t always the Oscars’ permanent home. Before it opened, the Academy rotated between several Los Angeles venues, including the Hollywood Roosevelt Hotel, which hosted the first ceremony in 1929 (tickets only cost $5!), the Shrine Auditorium, and the Dorothy Chandler Pavilion—but none offered the combination of space, capacity, and broadcast infrastructure the show required. That changed in 1997 with a $94 million build and a venue designed from the ground up with the Oscars in mind. Below, everything to know about the Dolby Theatre.The theatre cost $94 million to buildIn August of 1997, Canadian development firm TrizecHahn approached the Academy with plans for an entertainment complex at the iconic intersection of Hollywood Boulevard and Highland Avenue. The Academy saw an opportunity and signed on as partner and advisor. With $94 million dedicated to the theatre itself (within a larger $615 million complex), construction began on what would become Hollywood’s architectural love letter to cinema.Every inch was designed for televisionArchitect David Rockwell, who had previously designed Oscar ceremonies, understood the dual needs of creating both a spectacular in-person experience and a flawless television production. “The entire facility, from Hollywood Boulevard to the stage, is predesigned to work as a TV production facility,” Rockwell explained of his creation. The venue includes 14 fixed camera positions and a “media cockpit” on a hydraulic lift in the orchestra seating that can be converted to regular seating when not needed. A grid extends 15 feet in front of the stage, allowing for flexible technical installations, while substantial electrical power is available throughout all areas. Even the cabling—the nervous system of any broadcast—runs through hidden but accessible channels in the floors and walls.No nominee is more than four seats from an aisleThe theatre’s 3,400 seats are arranged so that every nominee sits no more than four seats from an aisle—ensuring those emotional dashes to the stage don’t involve awkward climbs over fellow attendees. It features deep plum upholstery and cherry wood finishes that give the space warmth, designed to create intimacy between the audience and performers while drawing attention to the action on stage.The theatre’s entrance has space for Best Picture winners’ plaques through 2071For both attendees and nominees, the Dolby experience begins on Hollywood Boulevard with a towering portal serving as the grand entrance. The two-story Awards Walk features backlit glass plaques for each Best Picture winner on limestone columns, with blank spaces reserved for future winners through 2071. (Optimistic planning, indeed!)The lobby was inspired by Michelangelo and Busby BerkeleyThe five-level lobby, inspired by Michelangelo’s Campodiglio in Rome and the choreography of Busby Berkeley, centers around a breathtaking spiral staircase with cherrywood balustrades topped by an oval, uplit silvery dome. Twenty-six spectacular images of Oscar winners—from Grace Kelly to Jack Nicholson—adorn the walls as photographic transparencies hung before shimmering “silver screen” panels.The stage is one of America’s largestInside the auditorium, a silver-leafed “tiara” crowns the space, with reflective ribs extending down between box seats. The stage itself is among the largest in the nation at 120 feet wide and 75 feet deep, framed by a 64-foot-wide proscenium that can be adjusted down to 43 feet.Kodak paid $75 million for naming rights—then went bankruptWhen the theatre opened on November 9, 2001, it bore the name “Kodak Theatre” after the film company that paid $75 million for naming rights. The first Academy Awards ceremony held there was the 74th edition on March 24, 2002. In January of 2012, Kodak filed for Chapter 11 bankruptcy and ended its naming rights agreement. By May 2012, Dolby Laboratories had signed a 20-year deal to rename the venue, bringing its cutting-edge sound and vision technology to the space.The sound system features 215 individual speakersToday, the Dolby Theatre features one of the world’s most sophisticated sound systems, featuring Dolby Atmos technology with 215 individually powered loudspeakers. The projection system uses Dolby Vision technology, delivering a million-to-one contrast ratio and twice the brightness of standard screens.It’s home to other events tooWhile the Academy Awards may be its most famous tenant, the Dolby Theatre has hosted an array of events and performances—Cirque du Soleil’s “IRIS” required $40 million in modifications including stage lifts, while artists from Prince to Celine Dion have graced its stage. Television productions like American Idol finals and America’s Got Talent have made the Dolby their home, as have prestigious events like the AFI Lifetime Achievement Awards.The Oscars have moved only once since 2002The Dolby Theatre has hosted every Academy Awards ceremony since 2002, with only one exception—the 2021 ceremony during the COVID-19 pandemic, which was moved to Los Angeles Union Station for a downsized event. Talk about a supporting role with staying power!
The 98th Academy Awards takes place this Sunday, March 15, at the Dolby Theatre at Ovation Hollywood—the same venue that has hosted the ceremony every year since 2002.
The theatre wasn’t always the Oscars’ permanent home. Before it opened, the Academy rotated between several Los Angeles venues, including the Hollywood Roosevelt Hotel, which hosted the first ceremony in 1929 (tickets only cost $5!), the Shrine Auditorium, and the Dorothy Chandler Pavilion—but none offered the combination of space, capacity, and broadcast infrastructure the show required. That changed in 1997 with a $94 million build and a venue designed from the ground up with the Oscars in mind. Below, everything to know about the Dolby Theatre.
The theatre cost $94 million to build
In August of 1997, Canadian development firm TrizecHahn approached the Academy with plans for an entertainment complex at the iconic intersection of Hollywood Boulevard and Highland Avenue. The Academy saw an opportunity and signed on as partner and advisor. With $94 million dedicated to the theatre itself (within a larger $615 million complex), construction began on what would become Hollywood’s architectural love letter to cinema.
Every inch was designed for television
Architect David Rockwell, who had previously designed Oscar ceremonies, understood the dual needs of creating both a spectacular in-person experience and a flawless television production. “The entire facility, from Hollywood Boulevard to the stage, is predesigned to work as a TV production facility,” Rockwell explained of his creation. The venue includes 14 fixed camera positions and a “media cockpit” on a hydraulic lift in the orchestra seating that can be converted to regular seating when not needed. A grid extends 15 feet in front of the stage, allowing for flexible technical installations, while substantial electrical power is available throughout all areas. Even the cabling—the nervous system of any broadcast—runs through hidden but accessible channels in the floors and walls.
No nominee is more than four seats from an aisle
The theatre’s 3,400 seats are arranged so that every nominee sits no more than four seats from an aisle—ensuring those emotional dashes to the stage don’t involve awkward climbs over fellow attendees. It features deep plum upholstery and cherry wood finishes that give the space warmth, designed to create intimacy between the audience and performers while drawing attention to the action on stage.
The theatre’s entrance has space for Best Picture winners’ plaques through 2071
For both attendees and nominees, the Dolby experience begins on Hollywood Boulevard with a towering portal serving as the grand entrance. The two-story Awards Walk features backlit glass plaques for each Best Picture winner on limestone columns, with blank spaces reserved for future winners through 2071. (Optimistic planning, indeed!)
The lobby was inspired by Michelangelo and Busby Berkeley
The five-level lobby, inspired by Michelangelo’s Campodiglio in Rome and the choreography of Busby Berkeley, centers around a breathtaking spiral staircase with cherrywood balustrades topped by an oval, uplit silvery dome. Twenty-six spectacular images of Oscar winners—from Grace Kelly to Jack Nicholson—adorn the walls as photographic transparencies hung before shimmering “silver screen” panels.
The stage is one of America’s largest
Inside the auditorium, a silver-leafed “tiara” crowns the space, with reflective ribs extending down between box seats. The stage itself is among the largest in the nation at 120 feet wide and 75 feet deep, framed by a 64-foot-wide proscenium that can be adjusted down to 43 feet.
Kodak paid $75 million for naming rights—then went bankrupt
When the theatre opened on November 9, 2001, it bore the name “Kodak Theatre” after the film company that paid $75 million for naming rights. The first Academy Awards ceremony held there was the 74th edition on March 24, 2002. In January of 2012, Kodak filed for Chapter 11 bankruptcy and ended its naming rights agreement. By May 2012, Dolby Laboratories had signed a 20-year deal to rename the venue, bringing its cutting-edge sound and vision technology to the space.
The sound system features 215 individual speakers
Today, the Dolby Theatre features one of the world’s most sophisticated sound systems, featuring Dolby Atmos technology with 215 individually powered loudspeakers. The projection system uses Dolby Vision technology, delivering a million-to-one contrast ratio and twice the brightness of standard screens.
It’s home to other events too
While the Academy Awards may be its most famous tenant, the Dolby Theatre has hosted an array of events and performances—Cirque du Soleil’s “IRIS” required $40 million in modifications including stage lifts, while artists from Prince to Celine Dion have graced its stage. Television productions like American Idol finals and America’s Got Talent have made the Dolby their home, as have prestigious events like the AFI Lifetime Achievement Awards.
The Oscars have moved only once since 2002
The Dolby Theatre has hosted every Academy Awards ceremony since 2002, with only one exception—the 2021 ceremony during the COVID-19 pandemic, which was moved to Los Angeles Union Station for a downsized event. Talk about a supporting role with staying power!
