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The Oscars ceremony will commence streaming exclusively on YouTube in the year 2029, marking the most recent significant shift in the film industry.

The organization behind the Oscars declared the decision on this week, stating that it signed a multi-year deal giving the streaming service the sole worldwide broadcasting rights to the Oscars through 2033.

The Oscars, set for March 15th, has been broadcast for a half a century on ABC. Starting in 2029, the event will be viewable in real-time without charge on the digital platform.

This is another major shakeup in the entertainment world, which is grappling with corporate acquisitions and consolidations, along with steep production cuts.

"The Academy is an international organization, and this partnership will permit us to increase availability to the work of the Academy to the most extensive international crowd possible - which will be advantageous for our Academy members and the movie industry," stated organization heads in a announcement.

Throughout a long period, audience numbers of the televised event have dropped, even if there was a small rise in 2025, with a considerable amount of younger viewers watching from mobile devices and computers.

In a corresponding announcement, the video platform's chief executive described the Oscars "among our fundamental pillars of culture" and said that working with the Academy would "inspire a new generation of artistic expression and cinema enthusiasts while adhering to the Oscars' celebrated history".

The broadcast network, which has televised the awards since the mid-1970s, stated that it was excited "to the next three telecasts" it will still host.

This shift follows major studios confront intricate takeover attempts. These potential deals were seen as problematic for an business that has witnessed severe reductions over the recent period.

Like major studios, cable networks have faced issues as the audience has increasingly opted for streaming services instead.

YouTube obtaining rights to the Oscars further suggests that dependence on online services will carry on expanding.