Oscar Names His Home

11/18/1997 at 12:00 AM EST

The Eastman Kodak Co. plans on making it big in Hollywood. How big? They're spending $75 million so that the photographic company will have its name on the new home of the Academy Awards. The Kodak Theatre (not "Theater") will open next year and host its first Oscar ceremony in 2002. It is located on Hollywood Blvd., which is where the statuettes were first presented in 1929 -- in a banquet room of the Hollywood Roosevelt Hotel.

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