The Academy of Motion Pictures Arts & Sciences is considering moving its annual Academy Awards ceremony from the Kodak Theater to the Nokia Theatre in downtown Los Angeles.
Talks are underway between the Academy and AEG, owner of the Nokia Theatre, according to a person familiar with AEG.
The Academy issued a statement on Wednesday night saying: "The Academy has not begun venue negotiations for the Oscar telecast beyond 2013."
The move downtown would be a big blow for the Kodak Theatre, which was built specifically to the Academy's requirements for the 2002 Oscars.
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This year's Oscar telecast on Feb. 26 marks a point in the Academy's long-term contract with the CIM Group, the landlord of the Kodak Theatre, that allows the Academy to explore cheaper options for the 2014 show.