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The Oscars ceremony are set to start broadcasting solely on the global video platform in the year 2029, marking the latest significant transformation in Hollywood.

The Academy of Motion Picture Arts and Sciences declared the decision on this week, confirming that it finalized 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 televised for five decades on ABC. Commencing in 2029, the show will be accessible in real-time without charge on the digital platform.

This is a further major shakeup in the entertainment world, which is navigating company buyouts and fusions, in addition to severe reductions in filming.

"The Academy is an global institution, and this alliance will permit us to broaden reach to the mission of the Academy to the most extensive international crowd imaginable - which will be advantageous for our membership and the film community," said organization heads in a release.

Over decades, audience numbers of the televised event have dropped, even if there was a small rise in 2025, with a notable portion of younger viewers streaming from cell phones and laptops.

In a corresponding announcement, YouTube's CEO referred to the Oscars "a key essential cultural institutions" and noted that working with the Academy would "motivate a younger cohort of innovation and cinema enthusiasts while remaining faithful to the Oscars' celebrated history".

The broadcast network, which has aired the ceremony since the mid-1970s, stated that it was eagerly anticipating "to hosting the event three more times" it will retain rights for.

The move coincides with large entertainment companies confront challenging merger discussions. Both options were considered concerning for an business that has seen severe reductions over the recent period.

In common with major studios, cable networks have struggled as the viewers has shifted towards on-demand video as an alternative.

YouTube obtaining the license to the Academy Awards further suggests that dependence on online services will continue to grow.