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In a major change to one of television's marquee events, the Academy Awards will move away from ABC and begin streaming on YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced Wednesday.
ABC will continue to air the annual awards ceremony until 2028. That year marks the 100th Oscar Awards.
But starting in 2029, YouTube will hold worldwide rights to stream the Oscars until 2033. YouTube is the de facto home for all things Oscars, including red carpet coverage, the Governor's Awards, and Oscar nomination announcements.
“We are excited to enter into a multifaceted global partnership with YouTube to make it the home of future Oscar ceremonies and year-round Academy programming,” said Academy CEO Bill Kramer and Academy President Lynette Howell Taylor.
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“The Academy is an international organization, and this partnership will benefit Academy members and the film community by expanding access to Academy films to as wide an audience as possible around the world.”
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While streaming partnerships have been added to major awards shows, the deal with YouTube marks the first time any of the four major awards – the Oscars, Grammys, Emmys and Tonys – will completely abandon broadcasting. This puts one of the most-watched non-NFL broadcasts in Google's hands. YouTube has approximately 2 billion viewers.
The Academy Awards will also be streamed for free on YouTube, in addition to YouTube TV subscribers.
Financial terms were not disclosed.
“The Oscars are an important cultural institution for us, celebrating great storytelling and artistry,” said Neil Mohan, CEO of YouTube. “Partnering with the Academy to bring this arts and entertainment extravaganza to audiences around the world will stay true to Oscar's storied legacy while inspiring a new generation of creatives and film lovers.”
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