The Oscars to Depart Broadcast TV and Broadcast Live on YouTube Beginning in 2029.
The Oscars ceremony will commence airing only on the global video platform in the year 2029, signaling the newest substantial change in Hollywood.
The Academy of Motion Picture Arts and Sciences revealed the news on Wednesday, indicating that it finalized a extended contract giving the streaming service the exclusive global rights to the Oscars up to 2033.
The Oscars, which is planned for March 15th, has aired for five decades on the traditional network. Commencing in 2029, the show will be accessible in real-time without charge on YouTube.
It's a further substantial restructuring in the entertainment world, which is navigating corporate acquisitions and consolidations, along with severe production cuts.
"The Academy is an worldwide body, and this collaboration will permit us to broaden reach to the mission of the Academy to the biggest global viewership possible - which will be positive for our Academy members and the cinematic world," said Academy leadership in a statement.
Over decades, viewership of the awards show have declined, although there was a slight uptick in 2025, with a notable portion of younger viewers streaming from mobile devices and computers.
In a related comment, the head of YouTube described the Oscars "a key essential cultural institutions" and added that partnering with the Academy would "inspire a new generation of innovation and cinema enthusiasts while staying true to the Oscars' illustrious heritage".
The broadcast network, which has televised the awards since 1976, said that it was eagerly anticipating "to hosting the event three more times" it will continue to air.
The move comes as film industry giants confront intricate takeover attempts. Such proposals were considered unfavourable for an business that has seen severe reductions over the recent period.
Similar to big production houses, traditional TV channels have faced issues as the audience has chosen streaming services instead.
YouTube obtaining the license to the Academy Awards strongly indicates that dependence on digital platforms will carry on to grow.
