An investment group led by Elie Samaha, who owns the TCL Chinese Theatre, has made a deal to acquire the 3,400-seat venue.

And the home of the Oscars goes to ... ... Jebs Hollywood Entertainment, an investment group that just purchased the famed Dolby Theatre for roughly $50 million, according to a source with knowledge of the transaction who was not authorized to comment.

Hollywood's Dolby Theatre, the home of the Academy Awards ceremony, has been sold to JEBS Hollywood Entertainment, led by Elie Samaha. The acquisition of the 3,400 seat theater was announced Tuesday by real estate brokers Avison Young,

Hollywood executive Jeff Sagansky and producer Elie Samaha are in a red carpet tug-of-war over the purchase of the Hollywood’s Dolby Theatre, host of the annual Academy Awards show.

The theater was bought by an investment group led by Elie Samaha, who also produced "The Boondock Saints" and owns the TCL Chinese Theater.