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The Oscars Are Exiting ABC and Stream on the Video Platform Beginning in the Year 2029.
The Oscars ceremony will begin airing only on the global video platform in 2029, marking the latest substantial shift in the film industry.
The organization behind the Oscars revealed the news on this week, indicating that it entered into a long-term agreement giving the streaming service the unique international license to the Oscars up to 2033.
The Oscars, set for 15 March, has aired for five decades on the traditional network. Starting in 2029, the ceremony will be viewable as a free live stream on the digital platform.
It's another major restructuring in the entertainment world, which is grappling with corporate acquisitions and consolidations, along with severe production cuts.
"Our Academy represents an international organization, and this partnership will permit us to expand access to the activities of the Academy to the largest worldwide audience imaginable - which will be positive for our film artists and the film community," said Academy leadership in a statement.
For many years, audience numbers of the ceremony have fallen, even if there was a minor increase in 2025, with a significant number of youthful audiences watching from cell phones and desktops.
In a separate statement, the head of YouTube described the Oscars "one of our vital cultural touchstones" and said that teaming up with the Academy would "motivate a new generation of creativity and movie fans while remaining faithful to the Oscars' celebrated heritage".
ABC, which has aired the ceremony since 1976, said that it was eagerly anticipating "to hosting the event three more times" it will still host.
This shift coincides with major studios deal with challenging merger discussions. Such proposals were viewed as problematic for an business that has witnessed significant downsizing over the past several years.
In common with big production houses, cable networks have faced issues as the audience has chosen on-demand video as an alternative.
YouTube winning rights to the Oscars strongly indicates that reliance on streaming sites will persist to grow.
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