The Oscars Will Leave ABC and Stream on the Video Platform Beginning in the Year 2029.

The Academy Awards will begin airing only on the global video platform in 2029, signaling the most recent major change in Hollywood.

The Academy of Motion Picture Arts and Sciences made the announcement on Wednesday, stating that it entered into a multi-year deal granting the streaming service the unique international license to the Oscars until 2033.

The Oscars, which is planned for March 15th, has aired for 50 years on ABC. Beginning in 2029, the show will be accessible in real-time without charge on the digital platform.

It's another substantial shakeup in the entertainment world, which is grappling with corporate acquisitions and consolidations, in addition to severe production cuts.

"Our Academy represents an international organization, and this partnership will enable us to increase availability to the activities of the Academy to the largest worldwide audience imaginable - which will be positive for our membership and the cinematic world," remarked Academy leadership in a announcement.

Over decades, ratings of the televised event have declined, even if there was a small rise in 2025, with a considerable amount of younger viewers tuning in from smartphones and computers.

In a corresponding announcement, YouTube's CEO described the Oscars "one of our vital cultural touchstones" and added that partnering with the Academy would "motivate a fresh wave of innovation and cinema enthusiasts while adhering to the Oscars' illustrious history".

ABC, which has televised the ceremony since the mid-1970s, said that it was excited "to the upcoming broadcasts" it will still host.

This shift coincides with major studios face intricate takeover attempts. These potential deals were seen as concerning for an business that has experienced severe reductions over the last few years.

Like big production houses, traditional TV channels have struggled as the viewers has chosen streaming services instead.

YouTube winning broadcasting rights to the Academy Awards strongly indicates that reliance on online services will continue to grow.