🔗 Share this article The Oscars Will Leave ABC and Stream on YouTube Beginning in the Year 2029. The Academy Awards are set to start airing only on YouTube in the year 2029, signaling the most recent major transformation in Hollywood. The Academy of Motion Picture Arts and Sciences declared the decision on this week, indicating that it finalized a long-term agreement giving YouTube the exclusive global rights to the Oscars until 2033. The Oscars, set for March 15th, has been broadcast for five decades on the traditional network. Commencing in 2029, the ceremony will be available live and for free on the digital platform. It's a further significant upheaval in the entertainment world, which is dealing with company buyouts and fusions, along with severe reductions in filming. "The Academy is an international organization, and this collaboration will allow us to increase availability to the mission of the Academy to the most extensive international crowd imaginable - which will be positive for our membership and the film community," remarked Academy leadership in a announcement. Over decades, audience numbers of the awards show have declined, even if there was a small rise in recent years, with a significant number of youthful audiences watching from mobile devices and computers. In a separate statement, YouTube's CEO described the Oscars "among our essential pillars of culture" and noted that partnering with the Academy would "inspire a fresh wave of artistic expression and film lovers while remaining faithful to the Oscars' storied history". ABC, which has aired the ceremony since 1976, commented that it was looking forward "to the next three telecasts" it will still host. This shift comes as major studios confront intricate takeover attempts. These potential deals were seen as unfavourable for an sector that has witnessed significant downsizing over the last few years. Like major studios, cable networks have struggled as the viewers has shifted towards digital platforms instead. The platform securing the license to the Oscars strongly indicates that the dominance of online services will carry on increasing.