YouTube will broadcast the Oscars – essentially – starting in 2029

YouTube has won the exclusive rights to broadcast the Oscars from 2029, the Academy of Motion Picture Arts and Sciences. he announced on the third. The Google-owned platform beat out other contenders, including the Oscars’ long-time host ABC, ending the show’s streak of hosting awards since 1976 (with the exception of short time in the early 1970s).

YouTube’s first show will be Oscars 101 in 2029, and its contract will expire in 2033. ABC will continue to broadcast the ceremony until 2028.

The financial terms of the deal were not disclosed.

News, which shows a big change in the TV scene, shows about YouTube the growth of control over TV it’s a big change when moving takes a lot of life. The event will be available live and free to more than 2 billion viewers worldwide on YouTube, as well as to YouTube TV subscribers in the United States. The move comes as Oscar viewing has steadily declined from an average of 55 million viewers in 1998 to about 20 million in recent years, prompting the Academy to explore new ways to reach audiences.

“We are thrilled to enter into a global partnership with YouTube to become the future home of the Oscars and our year-round Academy programming,” said Academy CEO Bill Kramer and Academy President Lynette Howell Taylor in a joint statement. “The Academy is a global organization, and this partnership will allow us to expand access to the work of the Academy to more people around the world – which will be beneficial for our Academy members and the film community.”

As part of the agreement, YouTube will not only announce the event, but also cover the red carpet, behind-the-scenes content, Oscar announcements, interviews with Academy members and filmmakers, Governors Ball access, film education programs, podcasts, and more.

“The Oscars are one of our most important cultural institutions, honoring storytelling and the arts,” YouTube CEO Neal Mohan said in a statement. “Working with the Academy to bring the festival of arts and entertainment to audiences around the world will inspire a new generation of artists and film lovers while building on the legacy of the Oscars.”

Although this is not the first time that a viewer has won the rights to show an award – Netflix he is protected rights to the SAG Awards – it’s the first time that one of the big four shows (the Emmys, Grammys, Oscars, and Tonys) has ditched broadcast TV in favor of streaming.