Alexander Pantages sold the Hollywood point of interest in 1932 to Fox West Coast Theaters. In 1949, Howard Hughes gained the Hollywood Pantages for his RKO Theater Circuit and moved his own workplaces to the building's second floor. From 1949 through 1959, the venue facilitated the American movie industry's yearly Academy Award Ceremonies. It kept on being a noteworthy setting for roadshow films into the 1970s. From 1965, it was worked by Pacific Theaters. The Hollywood Pantages shut as a film theater in January, 1977, and re-opened the next month with Bubbling Brown Sugar, the first of the many stage preparations that have since turned into its general toll.