HOLLYWOOD (CBS) — The former Kodak Theatre will remain the home of the Oscars next year, the Academy of Motion Picture Arts and Sciences said Wednesday.

There has been some speculation that the Academy might consider moving the Oscar ceremony to a different venue.

Some speculation has also circulated that the awards show might move to the larger Nokia Theatre in downtown Los Angeles, but the Academy continues to be in negotiations with the CIM Group for Academy Awards beyond 2013

Oscar ceremonies have been held at the Hollywood & Highland Center since 2002. The theater was dubbed the Kodak Theater until just before this year’s ceremony. Kodak had its name removed from the theater as part of the company’s bankruptcy proceedings.

Nominations for the 85th Academy Awards will be announced Jan. 15. The 2013 ceremony will be held on Feb. 24.

(©2011 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

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