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The Oscars will move to YouTube in 2029, leaving longtime home of ABC

Financial Post
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The Oscars will move to YouTube in 2029, leaving longtime home of ABC

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FILE - Oscar statuettes appear backstage at the Oscars at the Dolby Theatre in Los Angeles on Feb. 28, 2016. Photo by Matt Sayles /Matt Sayles/Invision/APArticle contentIn 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 Picture Arts and Sciences announced Wednesday.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentABC will continue to broadcast the annual ceremony through 2028. That year will mark the 100th Oscars.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentBut 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, the Governors Awards and the Oscar nominations announcement.Article contentArticle content“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.”Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentWhile 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 television. It puts one of the most watched non-NFL broadcasts in the hands of Google. YouTube boasts some 2 billion viewers.Article contentThe Academy Awards will stream for free worldwide on YouTube, in addition to YouTube TV subscribers. It will be available with audio tracks in many languages, in addition to closed captioning.Article contentFinancial terms were not disclosed.Article content“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.”Article contentArticle contentThe Walt Disney Co.-owned ABC has been the broadcast home to the Oscars for almost its entire history. NBC first televised the Oscars in 1953, but ABC picked up the rights in 1961. Aside from a period between 1971 and 1975, when NBC again aired the show, the Oscars have been on ABC.Article content“ABC has been the proud home to The Oscars for more than half a century,” the network said in a 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.”Article contentThe 2025 Academy Awards were watched by 19.7 million viewers on ABC, a slight increase from the year before.Article contentTrending 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?

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Source: Financial Post