The Oscars to Depart Broadcast TV and Broadcast Live on the Video Platform Beginning in the Year 2029.

The Academy Awards will commence streaming exclusively on the global video platform in 2029, marking the newest major change in Hollywood.

The organization behind the Oscars declared the decision on Wednesday, indicating that it finalized a long-term agreement giving YouTube the unique international license to the Oscars until 2033.

The awards show, scheduled for March 15th, has been televised for 50 years on the traditional network. Starting in 2029, the event will be viewable live and for free on YouTube.

It's another substantial upheaval in the entertainment world, which is dealing with company buyouts and fusions, coupled with severe slashes to movie budgets.

"The Academy is an international organization, and this collaboration will enable us to increase availability to the activities of the Academy to the largest worldwide audience imaginable - which will be beneficial for our membership and the movie industry," stated Academy leadership in a announcement.

Over decades, ratings of the ceremony have fallen, though there was a small rise in 2025, with a notable portion of Gen Z and millennial watchers tuning in from cell phones and computers.

In a corresponding announcement, the video platform's chief executive referred to the Oscars "among our vital cultural institutions" and said that teaming up with the Academy would "inspire a new generation of innovation and movie fans while adhering to the Oscars' storied legacy".

ABC, which has televised the awards since 1976, commented that it was excited "to the upcoming broadcasts" it will continue to air.

The move follows major studios face complex corporate battles. These potential deals were viewed as concerning for an business that has seen significant downsizing over the past several years.

Similar to major studios, traditional TV channels have faced issues as the audience has shifted towards on-demand video instead.

The platform securing rights to the Academy Awards clearly signals that reliance on digital platforms will carry on expanding.