🔗 Share this article The Oscars Are Exiting ABC and Broadcast Live on the Video Platform Beginning in 2029. The Academy Awards will commence broadcasting solely on the global video platform in 2029, marking the latest significant transformation in Hollywood. The Academy of Motion Picture Arts and Sciences declared the decision on Wednesday, indicating that it finalized a multi-year deal granting the streaming service the sole worldwide broadcasting rights to the Oscars up to 2033. The Oscars, set for March 15th, has been televised for a half a century on the traditional network. Starting in 2029, the show will be accessible live and for free on the digital platform. It's one more substantial shakeup in the entertainment world, which is navigating company buyouts and fusions, in addition to drastic production cuts. "The Academy is an worldwide body, and this partnership will enable us to broaden reach to the work of the Academy to the most extensive international crowd attainable - which will be beneficial for our film artists and the cinematic world," said the Academy's executives in a statement. Over decades, viewership of the ceremony have fallen, even if there was a slight uptick in recent years, with a notable portion of youthful audiences tuning in from smartphones and laptops. In a corresponding announcement, the video platform's chief executive called the Oscars "among our essential pillars of culture" and said that partnering with the Academy would "inspire a new generation of innovation and film lovers while adhering to the Oscars' storied heritage". The broadcast network, which has streamed the awards since 1976, said that it was eagerly anticipating "to the upcoming broadcasts" it will continue to air. This shift coincides with major studios deal with complex corporate battles. Such proposals were seen as problematic for an industry that has witnessed drastic cuts over the past several years. Like major studios, cable networks have struggled as the public has chosen on-demand video instead. YouTube winning rights to the Academy Awards strongly indicates that dependence on streaming sites will continue increasing.