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The Academy Awards Are Exiting Broadcast TV and Broadcast Live on the Video Platform Beginning in 2029.
The Oscars ceremony are set to start streaming exclusively on YouTube in the year 2029, signaling the newest significant shift in Hollywood.
The Academy of Motion Picture Arts and Sciences declared the decision on this week, confirming that it signed a multi-year deal granting YouTube the sole worldwide broadcasting rights to the Oscars through 2033.
The awards show, set for 15 March, has been broadcast for a half a century on ABC. Commencing in 2029, the event will be available as a free live stream on YouTube.
This is another major shakeup in Hollywood, which is dealing with studio sales and mergers, along with severe production cuts.
"Our Academy represents an worldwide body, and this collaboration will allow us to expand access to the activities of the Academy to the biggest global viewership possible - which will be advantageous for our film artists and the movie industry," stated Academy leadership in a release.
Throughout a long period, viewership of the awards show have fallen, even if there was a slight uptick in 2025, with a notable portion of Gen Z and millennial watchers streaming from cell phones and desktops.
In a separate statement, YouTube's CEO referred to the Oscars "one of our vital cultural institutions" and noted that teaming up with the Academy would "spark a new generation of creativity and cinema enthusiasts while staying true to the Oscars' storied legacy".
The broadcast network, which has streamed the awards since 1976, stated that it was excited "to hosting the event three more times" it will retain rights for.
This shift coincides with major studios confront challenging merger discussions. Such proposals were viewed as concerning for an sector that has witnessed drastic cuts over the recent period.
In common with major studios, cable networks have struggled as the public has chosen digital platforms instead.
The platform securing broadcasting rights to the Academy Awards strongly indicates that dependence on online services will carry on to grow.
Rita Jenkins
A financial strategist with over a decade of experience in wealth management and investment planning, dedicated to empowering others.
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