The Oscars Are Exiting Broadcast TV and Stream on the Video Platform Beginning in the Year 2029.

The Oscars ceremony will commence airing only on the global video platform in the year 2029, marking the latest substantial shift in the film industry.

The Academy of Motion Picture Arts and Sciences made the announcement on this week, stating that it finalized a extended contract awarding the streaming service the sole worldwide broadcasting rights to the Oscars through 2033.

The awards show, scheduled for March 15th, has been televised for 50 years on the traditional network. Commencing in 2029, the event will be accessible as a free live stream on the digital platform.

It's one more significant shakeup in the entertainment world, which is navigating studio sales and mergers, coupled with severe production cuts.

"Our Academy represents an international organization, and this collaboration will permit us to expand access to the mission of the Academy to the largest worldwide audience attainable - which will be positive for our film artists and the cinematic world," said Academy leadership in a statement.

For many years, audience numbers of the awards show have declined, though there was a small rise in 2025, with a significant number of Gen Z and millennial watchers watching from mobile devices and desktops.

In a separate statement, the video platform's chief executive referred to the Oscars "one of our vital cultural touchstones" and said that working with the Academy would "motivate a new generation of innovation and movie fans while staying true to the Oscars' illustrious history".

The broadcast network, which has televised the ceremony since 1976, stated that it was eagerly anticipating "to hosting the event three more times" it will still host.

This shift follows large entertainment companies deal with complex corporate battles. Such proposals were viewed as concerning for an industry that has seen severe reductions over the last few years.

In common with big production houses, cable networks have struggled as the viewers has increasingly opted for digital platforms instead.

The platform securing the license to the Oscars clearly signals that the dominance of online services will continue to grow.