🔗 Share this article The Academy Awards Will Leave Broadcast TV and Stream on the Video Platform Starting in the Year 2029. The Academy Awards are set to start streaming exclusively on the global video platform in the year 2029, signaling the most recent substantial shift in Hollywood. The organization behind the Oscars made the announcement on Wednesday, stating that it entered into a long-term agreement granting YouTube the exclusive global rights to the Oscars up to 2033. The awards show, which is planned for March 15th, has aired for a half a century on the traditional network. Commencing in 2029, the ceremony will be viewable live and for free on YouTube. This is another significant shakeup in Hollywood, which is navigating company buyouts and fusions, coupled with steep production cuts. "The Academy is an global institution, and this partnership will permit us to expand access to the work of the Academy to the most extensive international crowd attainable - which will be advantageous for our film artists and the cinematic world," stated organization heads in a statement. Over decades, viewership of the awards show have fallen, although there was a minor increase in recent years, with a considerable amount of younger viewers tuning in from smartphones and laptops. In a related comment, the head of YouTube called the Oscars "one of our vital cultural touchstones" and added that teaming up with the Academy would "inspire a younger cohort of innovation and movie fans while staying true to the Oscars' storied history". The broadcast network, which has streamed the awards since 1976, said that it was eagerly anticipating "to the upcoming broadcasts" it will retain rights for. This shift coincides with large entertainment companies confront intricate takeover attempts. Such proposals were considered problematic for an industry that has seen significant downsizing over the recent period. In common with big production houses, traditional TV channels have struggled as the viewers has chosen digital platforms instead. YouTube obtaining the license to the Oscars strongly indicates that dependence on online services will persist expanding.