The Oscars Are Exiting Broadcast TV and Broadcast Live on the Video Platform Beginning in the Year 2029.
The Oscars ceremony are set to start broadcasting solely on the global video platform in the year 2029, signaling the most recent significant transformation in Hollywood.
The organization behind the Oscars made the announcement on Wednesday, stating that it finalized a long-term agreement giving YouTube the unique international license to the Oscars up to 2033.
The Oscars, which is planned for March 15th, has aired for 50 years on ABC. Beginning in 2029, the ceremony will be viewable in real-time without charge on the digital platform.
This is one more substantial upheaval in the entertainment world, which is dealing with company buyouts and fusions, in addition to drastic production cuts.
"The Academy is an worldwide body, and this collaboration will permit us to increase availability to the activities of the Academy to the largest worldwide audience possible - which will be beneficial for our film artists and the cinematic world," said organization heads in a statement.
Over decades, ratings of the televised event have declined, although there was a small rise in 2025, with a significant number of younger viewers watching from mobile devices and laptops.
In a related comment, YouTube's CEO called the Oscars "among our vital cultural institutions" and said that working with the Academy would "motivate a new generation of innovation and movie fans while adhering to the Oscars' celebrated history".
The broadcast network, which has televised the ceremony since 1976, stated that it was looking forward "to hosting the event three more times" it will continue to air.
The move comes as major studios face challenging merger discussions. Such proposals were considered unfavourable for an business that has seen drastic cuts over the recent period.
Similar to major studios, cable networks have encountered challenges as the audience has chosen streaming services instead.
YouTube obtaining broadcasting rights to the Oscars strongly indicates that reliance on online services will carry on increasing.
