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Dolby Theatre, Home Of The Oscars, Sold To Group That Includes Jeff Sagansky, Elie Samaha & UAE Royal Family Member
The Oscars venue has been sold to a group that includes 'Battlefield Earth' producer Elie Samaha, former Sony Pictures president Jeff Sagansky and a sheikh.
Jebs is led by longtime producer Samaha, who is the owner/operator of Yamashiro Restaurant and leads the owner/operator team at the Dolby-adjacent TLC Chinese Theater and Chinese Six; Sherwin Jarol, CEO of SMB Equities; Sagansky; Jonah Lazowski, Two Girls Holdings and Sheikh Abdulla Bin Mohamed Al Qasimi, a member of the ruling Al Qasimi family in the UAE, through his investment firm, Master Investment Group. “The new ownership intends to continue its association with the Academy Awards while significantly increasing the number and variety of live performances, including many renowned Latin and other international acts at the fabled Dolby Theater,” said Avison Young Principal and Managing Director Chris Bonbright, who represented the buyer. The Oscars are contracted with the venue through 2028, and it has served as the host of other prominent entertainment shows, including the Latin Grammys, the ESPYs and the finals of music competition American Idol.
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