Kodak Theatre, Home to the Oscars, Renamed Dolby Theatre

LUCY NICHOLSON/AFP/Getty Images(LOS ANGELES) -- The home of the Academy Awards has a new name.  The former Kodak Theatre will now be known as The Dolby Theatre in honor of Dolby Atmos, a new surround sound technology for theaters.

Dolby Laboratories announced Tuesday that the Hollywood landmark would receive a new enhanced sound system "to create a world-class showcase for Dolby's current and future technologies, beginning with the new Dolby Atmos."

The change will keep the Oscars at the facility for at least the next 20 years.

Copyright 2012 ABC News Radio

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