FILE - Oscar statuettes appear backstage at the Oscars at the Dolby Theatre in Los Angeles on Feb. 28, 2016. (Photo by Matt Sayles/Invision/AP, File)
AK PMIn a seismic shift for one of television’s marquee events, the Academy Awards will depart ABC and begin streaming on YouTube beginning in 2029, the Academy of Motion Pictures Arts and Sciences announced Wednesday.
ABC will continue to broadcast the annual ceremony through 2028. That year will mark the 100th Oscars.
But starting in 2029, YouTube will retain global rights to streaming the Oscars through 2033. YouTube will effectively be the home to all things Oscars, including red-carpet coverage, and the Oscar nominations announcement.
“We are thrilled to enter into a multifaceted global partnership with YouTube to be the future home of the Oscars and our year-round Academy programming,” said academy chief executive Bill Kramer and academy president Lynette Howell Taylor. “The Academy is an international organization, and this partnership will allow us to expand access to the work of the Academy to the largest worldwide audience possible — which will be beneficial for our Academy members and the film community."
While major award shows have added streaming partnerships, the YouTube deal marks the first of the big four — the Oscars, Grammys, Emmys and Tonys — to completely jettison broadcast. It puts one of the most watched non-NFL broadcasts in the hands of Google. YouTube boasts some 2 billion viewers.
The Academy Awards will stream for free on YouTube, in addition to YouTube TV subscribers.
Financial terms were not disclosed.
“The Oscars are one of our essential cultural institutions, honoring excellence in storytelling and artistry,” said Neal Mohan, chief executive of YouTube. “Partnering with the academy to bring this celebration of art and entertainment to viewers all over the world will inspire a new generation of creativity and film lovers while staying true to the Oscars’ storied legacy.”
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