The Oscars to Depart Broadcast TV and Broadcast Live on YouTube Beginning in 2029.
The Oscars ceremony will commence streaming exclusively on the global video platform in 2029, signaling the newest significant change in the film industry.
The Academy of Motion Picture Arts and Sciences made the announcement on Wednesday, stating that it finalized a long-term agreement awarding YouTube the sole worldwide broadcasting rights to the Oscars through 2033.
The Oscars, which is planned for March 15th, has been televised for a half a century on the traditional network. Starting in 2029, the event will be viewable as a free live stream on the digital platform.
This is one more significant shakeup in the entertainment world, which is dealing with studio sales and mergers, along with steep production cuts.
"The Academy is an global institution, and this partnership will enable us to increase availability to the activities of the Academy to the most extensive international crowd attainable - which will be beneficial for our film artists and the cinematic world," remarked the Academy's executives in a announcement.
For many years, viewership of the awards show have fallen, even if there was a minor increase in 2025, with a considerable amount of youthful audiences tuning in from mobile devices and desktops.
In a corresponding announcement, the video platform's chief executive described the Oscars "among our fundamental pillars of culture" and added that partnering with the Academy would "motivate a fresh wave of artistic expression and movie fans while adhering to the Oscars' storied history".
The broadcast network, which has aired the ceremony since 1976, commented that it was excited "to hosting the event three more times" it will continue to air.
This shift coincides with large entertainment companies face complex corporate battles. Such proposals were considered concerning for an industry that has seen severe reductions over the recent period.
Like big production houses, traditional TV channels have faced issues as the audience has increasingly opted for streaming services as an alternative.
YouTube obtaining the license to the Academy Awards further suggests that dependence on streaming sites will continue increasing.