The Oscars ceremony are set to start broadcasting solely on YouTube in the year 2029, signaling the most recent substantial shift in Hollywood.
The Academy of Motion Picture Arts and Sciences declared the decision on this week, indicating that it entered into a long-term agreement granting the streaming service the sole worldwide broadcasting rights to the Oscars up to 2033.
The awards show, set for 15 March, has been televised for 50 years on ABC. Commencing in 2029, the show will be viewable live and for free on the digital platform.
This is one more substantial restructuring in the entertainment world, which is dealing with corporate acquisitions and consolidations, along with steep slashes to movie budgets.
"The Academy is an global institution, and this alliance will permit us to broaden reach to the activities of the Academy to the most extensive international crowd imaginable - which will be advantageous for our film artists and the movie industry," remarked Academy leadership in a statement.
For many years, viewership of the televised event have fallen, although there was a small rise in 2025, with a notable portion of Gen Z and millennial watchers watching from mobile devices and laptops.
In a related comment, the head of YouTube referred to the Oscars "among our essential pillars of culture" and noted that partnering with the Academy would "spark a younger cohort of artistic expression and film lovers while adhering to the Oscars' storied legacy".
ABC, which has streamed the ceremony since the mid-1970s, said that it was eagerly anticipating "to hosting the event three more times" it will still host.
This decision follows major studios confront challenging merger discussions. These potential deals were considered problematic for an sector that has experienced severe reductions over the past several years.
Like big production houses, traditional TV channels have encountered challenges as the audience has shifted towards on-demand video instead.
YouTube winning rights to the Academy Awards strongly indicates that dependence on digital platforms will continue to grow.