The Oscars ceremony will commence airing only on YouTube in 2029, signaling the most recent significant transformation in Hollywood.
The organization behind the Oscars made the announcement on Wednesday, stating that it signed a long-term agreement granting YouTube the exclusive global rights to the Oscars until 2033.
The awards show, scheduled for March 15th, has aired for five decades on ABC. Commencing in 2029, the ceremony will be available in real-time without charge on YouTube.
It's one more substantial upheaval in Hollywood, which is navigating corporate acquisitions and consolidations, coupled with severe reductions in filming.
"The Academy is an worldwide body, and this collaboration will enable us to increase availability to the work of the Academy to the biggest global viewership imaginable - which will be positive for our membership and the movie industry," remarked Academy leadership in a announcement.
Throughout a long period, audience numbers of the awards show have fallen, although there was a minor increase in 2025, with a notable portion of youthful audiences tuning in from mobile devices and computers.
In a corresponding announcement, YouTube's CEO referred to the Oscars "a key fundamental pillars of culture" and added that teaming up with the Academy would "inspire a new generation of innovation and film lovers while adhering to the Oscars' illustrious heritage".
ABC, which has streamed the ceremony since the mid-1970s, stated that it was looking forward "to the next three telecasts" it will continue to air.
The move comes as film industry giants face intricate takeover attempts. These potential deals were viewed as problematic for an business that has seen significant downsizing over the recent period.
Like big production houses, traditional TV channels have encountered challenges as the public has shifted towards digital platforms instead.
The platform securing the license to the Oscars clearly signals that the dominance of digital platforms will persist increasing.
Lena is a tech journalist with over a decade of experience covering consumer electronics and emerging technologies.