The Oscars to Depart ABC and Broadcast Live on YouTube Starting in the Year 2029.
The Oscars ceremony are set to start airing only on the global video platform in 2029, marking the most recent substantial change in the film industry.
The organization behind the Oscars revealed the news on this week, indicating that it entered into a long-term agreement granting the streaming service the sole worldwide broadcasting rights to the Oscars through 2033.
The Oscars, set for 15 March, has been televised for five decades on ABC. Starting in 2029, the ceremony will be viewable in real-time without charge on YouTube.
This is a further significant restructuring in the entertainment world, which is dealing with company buyouts and fusions, along with severe reductions in filming.
"The Academy is an worldwide body, and this collaboration will enable us to increase availability to the mission of the Academy to the most extensive international crowd attainable - which will be advantageous for our Academy members and the movie industry," stated the Academy's executives in a announcement.
Over decades, ratings of the televised event have dropped, although there was a slight uptick in 2025, with a notable portion of youthful audiences watching from cell phones and desktops.
In a corresponding announcement, YouTube's CEO called the Oscars "a key fundamental pillars of culture" and said that working with the Academy would "motivate a new generation of creativity and movie fans while remaining faithful to the Oscars' storied history".
ABC, which has aired the ceremony since the mid-1970s, commented that it was eagerly anticipating "to the next three telecasts" it will still host.
The move follows major studios face intricate takeover attempts. Both options were seen as unfavourable for an industry that has seen drastic cuts over the recent period.
In common with big production houses, cable networks have faced issues as the public has shifted towards on-demand video instead.
The platform securing rights to the Oscars further suggests that reliance on streaming sites will continue increasing.
