🔗 Share this article The Academy Awards Are Exiting Broadcast TV and Broadcast Live on the Video Platform Starting in the Year 2029. The Oscars ceremony will commence streaming exclusively on YouTube in 2029, marking the latest significant change in Hollywood. The organization behind the Oscars declared the decision on this week, indicating that it finalized a long-term agreement granting the streaming service the sole worldwide broadcasting rights to the Oscars through 2033. The Oscars, scheduled for 15 March, has been broadcast for 50 years on the traditional network. Commencing in 2029, the event will be accessible live and for free on the digital platform. This is one more significant shakeup in Hollywood, which is grappling with corporate acquisitions and consolidations, coupled with steep production cuts. "Our Academy represents an international organization, and this alliance will permit us to increase availability to the activities of the Academy to the biggest global viewership attainable - which will be positive for our Academy members and the movie industry," stated the Academy's executives in a release. Throughout a long period, audience numbers of the televised event have fallen, although there was a minor increase in recent years, with a considerable amount of youthful audiences watching from smartphones and desktops. In a related comment, YouTube's CEO referred to the Oscars "one of our essential cultural institutions" and noted that working with the Academy would "inspire a younger cohort of artistic expression and movie fans while remaining faithful to the Oscars' illustrious history". ABC, which has televised the awards since 1976, said that it was eagerly anticipating "to the next three telecasts" it will continue to air. This shift coincides with film industry giants face complex corporate battles. Such proposals were seen as concerning for an industry that has witnessed significant downsizing over the past several years. Like major studios, cable networks have struggled as the viewers has chosen digital platforms instead. YouTube obtaining the license to the Oscars further suggests that dependence on digital platforms will carry on increasing.