The Oscar award’s move to YouTube marks a major change in the entertainment business. Kevin Winter/Getty Images
The times they are a-changing. Starting in 2029, the Oscars will no longer air on television and will instead be streamed on YouTube. The move marks a major development in the entertainment business, which has been shaken by streaming giants like YouTube and Netflix in recent years.
For decades, ABC hosted the prestigious awards show through its telecast. After the 2028 broadcast, YouTube will bring the Oscars to a “global audience,” according to a blog post about the news. Along with the Oscars ceremony, other elements including the red carpet coverage, behind-the-scenes content, and Governors Ball access are part of a deal the streaming platform inked with The Academy of Motion Picture Arts and Sciences, which runs through 2033.
In a statement, YouTube CEO Neal Mohan said, “Partnering with The Academy will inspire a new generation of creativity and film lovers while staying true to the Oscars’ storied legacy.”
The Oscars will mark its enduring legacy, which emphasizes theatrical releases even as the industry continues to move toward releasing movies on streaming platforms, with a celebration of its centennial year in 2028. ABC noted the landmark occasion in its statement. “We look forward to the next three telecasts, including the show’s centennial celebration in 2028, and wish the Academy of Motion Picture Arts and Sciences continued success,” the network said.
From Rolling Stone US.