Get ready for even more traffic — the Kodak Theater is finally getting a permanent resident.
Cirque du Soleil has signed a 10-year deal to stage an almost year-round show at the venue starting in 2010.
The pricetag is set at $100 million, in line with most of Cirque’s Las Vegas shows. Cirque du Soleil made the deal with CIM Group, which owns the Hollywood & Highland Center.
At a Monday press conference at the Kodak, Cirque founder Guy Laliberte said the as-yet-untitled show will focus on Hollywood’s place within film history.
“Movies have certainly had a positive influence on Cirque du Soleil,” he said.
Some 368 stagings will be slated each year, which means other productions that have typically come in and out for weeks or days at a time (“High School Musical,” “Scooby-Doo”) will have to find another home.
Other one-nighters, like the AFI Life Achievement Award dinner, may also have to move out.
The show will occupy the Kodak Theater for 11 months out of the year; Cirque will step aside for the entire month of February so that the Oscars, as of now, can continue.
Cirque officials said that some renovations will be made to the 3,400-seat theater.
Cirque has staged several shows in Los Angeles before, and venues have ranged from Santa Monica beachside to the Forum parking lot.
The company has branched out lately with artist library-driven shows. The Beatles-centered “Love” premiered in Las Vegas in 2006, and the company is developing an Elvis-themed show, also for Vegas.