The Academy Awards Will Leave Broadcast TV and Broadcast Live on YouTube Beginning in the Year 2029.
The Oscars ceremony will begin broadcasting solely on the global video platform in 2029, signaling the newest significant shift in Hollywood.
The Academy of Motion Picture Arts and Sciences declared the decision on this week, indicating that it entered into a long-term agreement granting the streaming service the exclusive global rights to the Oscars through 2033.
The awards show, set for March 15th, has been broadcast for a half a century on ABC. Starting in 2029, the show will be available live and for free on the digital platform.
It's a further substantial upheaval in the entertainment world, which is dealing with corporate acquisitions and consolidations, along with steep reductions in filming.
"Our Academy represents an worldwide body, and this collaboration will allow us to broaden reach to the mission of the Academy to the biggest global viewership attainable - which will be positive for our film artists and the cinematic world," said the Academy's executives in a release.
Throughout a long period, ratings of the televised event have fallen, even if there was a minor increase in 2025, with a notable portion of younger viewers streaming from mobile devices and desktops.
In a related comment, the video platform's chief executive called the Oscars "among our vital cultural institutions" and said that working with the Academy would "spark a younger cohort of artistic expression and movie fans while remaining faithful to the Oscars' illustrious legacy".
ABC, which has televised the ceremony since the mid-1970s, said that it was looking forward "to hosting the event three more times" it will continue to air.
The move follows film industry giants deal with intricate takeover attempts. Such proposals were viewed as problematic for an sector that has seen drastic cuts over the past several years.
In common with big production houses, traditional TV channels have encountered challenges as the viewers has increasingly opted for on-demand video as an alternative.
YouTube winning rights to the Oscars further suggests that reliance on digital platforms will continue expanding.