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A Kodak moment at the new Dolby Theatre

Dolby Theatre

AP Photo/Dolby Laboratories

The new Dolby Theatre as two overhead speaker trusses are lifted into place in Los Angeles. The posh 3,400-seat Hollywood & Highland Center home of the Academy Awards is officially christened with a new name and a state-of-the-art audiovisual system that can project 3-D imagery and blast sound from multiple perspectives.

The 3,400-seat, four-level Hollywood home of the Oscars reopened Monday as the Dolby Theatre, outfitted with Dolby 3D and Dolby Atmos projection and audio systems, as well as new signage. 

The venue formerly known as Kodak was renamed by Dolby Laboratories Inc. as part of the 20-year deal with Hollywood & Highland Center owner CIM Group after Kodak was let out of its deal by a bankruptcy court judge.

Here's how it looked to the people passing by: