🔗 Share this article The Oscars Are Exiting Broadcast TV and Broadcast Live on the Video Platform Starting in 2029. The Oscars ceremony will commence airing only on the global video platform in 2029, signaling the newest major change in Hollywood. The organization behind the Oscars made the announcement on Wednesday, confirming that it signed a multi-year deal granting the streaming service the exclusive global rights to the Oscars through 2033. The awards show, which is planned for March 15th, has aired for 50 years on ABC. Beginning in 2029, the ceremony will be accessible live and for free on YouTube. This is a further major restructuring in the entertainment world, which is dealing with studio sales and mergers, coupled with steep reductions in filming. "The Academy is an global institution, and this alliance will enable us to increase availability to the mission of the Academy to the most extensive international crowd imaginable - which will be beneficial for our Academy members and the movie industry," stated organization heads in a announcement. For many years, ratings of the televised event have dropped, though there was a slight uptick in recent years, with a significant number of youthful audiences watching from mobile devices and desktops. In a separate statement, the head of YouTube called the Oscars "one of our essential pillars of culture" and noted that teaming up with the Academy would "spark a new generation of artistic expression and movie fans while staying true to the Oscars' celebrated legacy". The broadcast network, which has streamed the ceremony since the mid-1970s, said that it was eagerly anticipating "to hosting the event three more times" it will continue to air. This shift comes as film industry giants face challenging merger discussions. Such proposals were considered unfavourable for an industry that has experienced drastic cuts over the recent period. In common with major studios, traditional TV channels have faced issues as the viewers has chosen streaming services instead. YouTube winning broadcasting rights to the Oscars strongly indicates that the dominance of digital platforms will carry on increasing.