The Oscars telecast will move from broadcasting to streaming in 2029, switching from ABC to YouTube — a watershed moment for the entertainment business.
The Academy of Motion Picture Arts and Sciences said Wednesday that YouTube signed a “multi-year deal” for the “exclusive global rights to the Oscars.”
The deal will run through 2033.
The deal underscores a tremendous power shift in the media industry, which has been upended by YouTube and streaming platforms like Netflix.
ABC, owned by Disney, has been the home of the Oscars for decades. ABC will continue to show the awards ceremony through 2028.
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