The Oscars Are Exiting Broadcast TV and Broadcast Live on the Video Platform Beginning in 2029.

The Academy Awards will commence airing only on the global video platform in 2029, representing the most recent substantial transformation in Hollywood.

The Academy of Motion Picture Arts and Sciences revealed the news on Wednesday, stating that it signed a multi-year deal awarding the streaming service the unique international license to the Oscars through 2033.

The Oscars, which is planned for 15 March, has been televised for five decades on ABC. Beginning in 2029, the event will be viewable in real-time without charge on the digital platform.

It's one more major shakeup in Hollywood, which is navigating corporate acquisitions and consolidations, along with severe slashes to movie budgets.

"Our Academy represents an international organization, and this partnership will permit us to broaden reach to the work of the Academy to the most extensive international crowd attainable - which will be beneficial for our film artists and the movie industry," remarked organization heads in a statement.

Throughout a long period, audience numbers of the ceremony have fallen, though there was a minor increase in 2025, with a considerable amount of Gen Z and millennial watchers watching from cell phones and laptops.

In a corresponding announcement, YouTube's CEO called the Oscars "a key vital pillars of culture" and added that working with the Academy would "motivate a new generation of artistic expression and cinema enthusiasts while remaining faithful to the Oscars' storied heritage".

The broadcast network, which has streamed the awards since the mid-1970s, commented that it was eagerly anticipating "to the upcoming broadcasts" it will still host.

This shift follows film industry giants face challenging merger discussions. These potential deals were considered unfavourable for an sector that has witnessed severe reductions over the last few years.

In common with big production houses, cable networks have faced issues as the viewers has chosen streaming services as an alternative.

YouTube winning the license to the Academy Awards clearly signals that the dominance of online services will persist expanding.