🔗 Share this article The Oscars Will Leave Broadcast TV and Stream on the Video Platform Starting in 2029. The Academy Awards will commence broadcasting solely on YouTube in 2029, signaling the most recent substantial shift in Hollywood. The Academy of Motion Picture Arts and Sciences declared the decision on this week, confirming that it finalized a long-term agreement awarding YouTube the sole worldwide broadcasting rights to the Oscars up to 2033. The Oscars, which is planned for March 15th, has been broadcast for five decades on the traditional network. Beginning in 2029, the show will be accessible live and for free on YouTube. It's a further substantial restructuring in Hollywood, which is grappling with company buyouts and fusions, in addition to drastic production cuts. "Our Academy represents an worldwide body, and this collaboration will enable us to increase availability to the work of the Academy to the largest worldwide audience imaginable - which will be positive for our membership and the cinematic world," remarked organization heads in a announcement. Throughout a long period, audience numbers of the televised event have declined, even if there was a small rise in recent years, with a significant number of younger viewers streaming from cell phones and laptops. In a separate statement, YouTube's CEO referred to the Oscars "among our fundamental cultural touchstones" and said that partnering with the Academy would "spark a fresh wave of artistic expression and movie fans while adhering to the Oscars' celebrated heritage". The broadcast network, which has streamed the awards since 1976, said that it was looking forward "to the upcoming broadcasts" it will retain rights for. This shift comes as film industry giants deal with complex corporate battles. Such proposals were considered concerning for an sector that has witnessed drastic cuts over the recent period. In common with big production houses, cable networks have encountered challenges as the public has shifted towards on-demand video instead. YouTube winning broadcasting rights to the Oscars strongly indicates that reliance on digital platforms will persist increasing.