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The Oscars Are Exiting Broadcast TV and Broadcast Live on the Video Platform Starting in 2029.
The Oscars ceremony will begin streaming exclusively on the global video platform in 2029, signaling the latest major shift in Hollywood.
The organization behind the Oscars made the announcement on Wednesday, stating that it signed a extended contract giving the streaming service the sole worldwide broadcasting rights to the Oscars up to 2033.
The awards show, set for March 15th, has aired for a half a century on ABC. Beginning in 2029, the event will be accessible live and for free on the digital platform.
It's one more major shakeup in the entertainment world, which is grappling with studio sales and mergers, coupled with severe production cuts.
"Our Academy represents an worldwide body, and this partnership will permit us to expand access to the activities of the Academy to the biggest global viewership possible - which will be beneficial for our Academy members and the cinematic world," stated organization heads in a statement.
Throughout a long period, ratings of the televised event have fallen, even if there was a slight uptick in 2025, with a notable portion of younger viewers streaming from mobile devices and laptops.
In a separate statement, YouTube's CEO referred to the Oscars "one of our vital cultural touchstones" and added that working with the Academy would "inspire a younger cohort of artistic expression and cinema enthusiasts while staying true to the Oscars' illustrious legacy".
ABC, which has aired the awards since 1976, said that it was eagerly anticipating "to hosting the event three more times" it will still host.
This shift coincides with film industry giants confront intricate takeover attempts. Both options were viewed as concerning for an business that has seen drastic cuts over the past several years.
Similar to big production houses, cable networks have struggled as the audience has chosen on-demand video as an alternative.
YouTube obtaining the license to the Academy Awards clearly signals that the dominance of online services will carry on expanding.
Julie Myers
Marlon Vance is a seasoned sports analyst with over a decade of experience in betting markets, specializing in data-driven predictions and strategy development.
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