The Academy Awards Are Exiting Broadcast TV and Stream on the Video Platform Beginning in 2029.

Placeholder Oscars Statuette

The Academy Awards will begin airing only on YouTube in 2029, signaling the most recent significant transformation in Hollywood.

The organization behind the Oscars declared the decision on Wednesday, indicating that it entered into a extended contract granting YouTube the exclusive global rights to the Oscars through 2033.

The Oscars, set for March 15th, has been broadcast for five decades on the traditional network. Commencing in 2029, the event will be available as a free live stream on YouTube.

This is one more significant shakeup in the entertainment world, which is navigating studio sales and mergers, coupled with steep production cuts.

"Our Academy represents an worldwide body, and this collaboration will allow us to increase availability to the activities of the Academy to the most extensive international crowd possible - which will be positive for our membership and the cinematic world," stated organization heads in a release.

Throughout a long period, ratings of the televised event have dropped, even if there was a minor increase in 2025, with a significant number of youthful audiences tuning in from mobile devices and desktops.

In a separate statement, YouTube's CEO described the Oscars "among our essential cultural institutions" and added that partnering with the Academy would "inspire a younger cohort of creativity and film lovers while adhering to the Oscars' storied heritage".

The broadcast network, which has televised the ceremony since the mid-1970s, said that it was eagerly anticipating "to hosting the event three more times" it will continue to air.

This shift comes as film industry giants face complex corporate battles. Both options were viewed as concerning for an industry that has experienced drastic cuts over the last few years.

Like big production houses, traditional TV channels have struggled as the audience has shifted towards on-demand video instead.

The platform securing broadcasting rights to the Oscars clearly signals that reliance on streaming sites will carry on expanding.

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