In February we had learned that the Kodak Theater would drop its name following the photo company’s bankruptcy.

Now, we know it’ll be renamed the Dolby Theater.

The theater was renamed the Hollywood and Highland center during this year’s Oscars, as Kodak lost the naming rights just before the ceremony.

It was also announced today that the Academy Awards would stay at the Dolby Theater for another 20 years. The Oscars have been held at the venue since its opening in 2001.

We now hope Dolby doesn’t go bankrupt!