🔗 Share this article The Oscars to Depart ABC and Broadcast Live on YouTube Beginning in the Year 2029. The Academy Awards will commence broadcasting solely on the global video platform in 2029, representing the newest major transformation in Hollywood. The organization behind the Oscars made the announcement on Wednesday, stating that it finalized a multi-year deal giving YouTube the exclusive global rights to the Oscars through 2033. The awards show, set for 15 March, has aired for five decades on the traditional network. Beginning in 2029, the event will be accessible live and for free on YouTube. It's one more major restructuring in the entertainment world, which is grappling with company buyouts and fusions, along with steep reductions in filming. "The Academy is an worldwide body, and this collaboration will enable us to expand access to the work of the Academy to the most extensive international crowd possible - which will be positive for our film artists and the movie industry," said organization heads in a release. For many years, viewership of the televised event have declined, even if there was a slight uptick in recent years, with a notable portion of youthful audiences streaming from smartphones and computers. In a separate statement, the video platform's chief executive described the Oscars "a key fundamental cultural institutions" and noted that partnering with the Academy would "spark a younger cohort of artistic expression and cinema enthusiasts while adhering to the Oscars' storied history". The broadcast network, which has aired the awards since the mid-1970s, stated that it was looking forward "to the upcoming broadcasts" it will continue to air. The move follows major studios face complex corporate battles. Such proposals were considered unfavourable for an business that has witnessed drastic cuts over the last few years. In common with big production houses, cable networks have encountered challenges as the audience has chosen streaming services instead. The platform securing broadcasting rights to the Oscars strongly indicates that the dominance of online services will continue to grow.