Can we draw the following hypothesis from the context?

Context:

The 2004 Nickelodeon Kid's Choice Awards was the 17th edition of the Kids' Choice Awards. The event was hosted by Mike Myers and Cameron Diaz to promote "Shrek 2". It was held on April 3, 2004 (8-9:30 p.m. ET/PT.) This would be the first time the award show was held at Pauley since 1999.

Hypothesis: Nickelodeon hosts the Kid's Choice Awards.
Yes