The Academy Awards Are Exiting ABC and Broadcast Live on the Video Platform Starting in the Year 2029.

The Academy Awards will commence airing only on the global video platform in the year 2029, marking the most recent substantial shift in the film industry.

The organization behind the Oscars revealed the news on this week, indicating that it finalized a long-term agreement giving the streaming service the unique international license to the Oscars until 2033.

The Oscars, which is planned for March 15th, has aired for 50 years on the traditional network. Commencing in 2029, the show will be viewable in real-time without charge on the digital platform.

This is a further major shakeup in the entertainment world, which is dealing with company buyouts and fusions, coupled with steep slashes to movie budgets.

"The Academy is an global institution, and this alliance will enable us to expand access to the work of the Academy to the largest worldwide audience attainable - which will be beneficial for our film artists and the cinematic world," said organization heads in a release.

For many years, viewership of the televised event have fallen, even if there was a minor increase in 2025, with a significant number of Gen Z and millennial watchers streaming from cell phones and laptops.

In a corresponding announcement, the head of YouTube referred to the Oscars "a key fundamental cultural institutions" and noted that partnering with the Academy would "spark a fresh wave of artistic expression and cinema enthusiasts while adhering to the Oscars' celebrated history".

ABC, which has streamed the awards since 1976, stated that it was looking forward "to the next three telecasts" it will continue to air.

The move coincides with major studios confront complex corporate battles. Both options were viewed as problematic for an business that has experienced drastic cuts over the recent period.

In common with major studios, cable networks have faced issues as the audience has chosen streaming services as an alternative.

YouTube winning rights to the Oscars clearly signals that the dominance of digital platforms will persist to grow.