🔗 Share this article The Academy Awards Are Exiting Broadcast TV and Stream on YouTube Starting in the Year 2029. The Academy Awards will commence broadcasting solely on the global video platform in 2029, signaling the newest substantial transformation in Hollywood. The organization behind the Oscars revealed the news on this week, confirming that it finalized a long-term agreement awarding YouTube the exclusive global rights to the Oscars through 2033. The Oscars, set for March 15th, has aired for five decades on the traditional network. Beginning in 2029, the show will be accessible in real-time without charge on YouTube. This is another significant upheaval in Hollywood, which is dealing with studio sales and mergers, coupled with severe production cuts. "The Academy is an worldwide body, and this collaboration will allow us to expand access to the mission of the Academy to the most extensive international crowd attainable - which will be advantageous for our membership and the cinematic world," said the Academy's executives in a release. Throughout a long period, ratings of the ceremony have declined, although there was a small rise in recent years, with a notable portion of Gen Z and millennial watchers tuning in from mobile devices and computers. In a separate statement, the head of YouTube described the Oscars "one of our fundamental cultural touchstones" and said that teaming up with the Academy would "inspire a new generation of innovation and cinema enthusiasts while staying true to the Oscars' celebrated legacy". ABC, which has streamed the awards since the mid-1970s, said that it was looking forward "to hosting the event three more times" it will still host. This shift comes as film industry giants deal with complex corporate battles. Such proposals were viewed as concerning for an sector that has witnessed drastic cuts over the recent period. In common with major studios, traditional TV channels have faced issues as the public has increasingly opted for digital platforms as an alternative. YouTube winning rights to the Academy Awards strongly indicates that reliance on online services will persist to grow.