The Academy Awards will begin airing exclusively on YouTube in 2029, a significant change for the renowned ceremony. The Academy of Motion Picture Arts and Sciences announced this decision on Wednesday, confirming a multi-year agreement that grants YouTube the global streaming rights to the Oscars until 2033.

Historically, the Oscars have aired on ABC for over 50 years, with the next ceremony scheduled for March 15, 2029. The transition to YouTube signals a broader shift in the entertainment industry as it navigates through various challenges including corporate mergers and production cutbacks.

Academy CEO Bill Kramer and President Lynette Howell Taylor emphasized that this partnership would enhance the reach of the Oscars, allowing for greater access to audiences worldwide and benefiting the film community.

Recent years have seen a decline in Oscar viewership, mirroring trends observed across other award shows like the Golden Globes and the Grammys. YouTube CEO Neal Mohan highlighted the significance of the Oscars as a cultural institution, expressing hopes that this collaboration will spark renewed interest among younger audiences in film and creativity.

ABC has stated it looks forward to producing the upcoming three Oscar broadcasts before the shift to YouTube.