"Oscars Go Live on YouTube: Exclusive Streaming Deal Announced"

YouTube Secures Exclusive Streaming Rights to the Oscars, Starting in 2029 In a landmark deal, the Academy of Motion Picture Arts and Sciences announced on Wednesday that YouTube has won exclusive rights to stream the Oscars, starting with the 101st ceremony in 2029 and running through 2033. This historic agreement marks a significant shift in the television landscape, as the Google-owned platform outbid traditional broadcaster ABC, which has hosted the event since 1976. According to the Academy, YouTube's first show will be the 101st Oscars in 2029, and its deal will run through 2033. ABC will continue to broadcast the ceremony until 2028. The financial terms of the deal were not disclosed. The news highlights YouTube's growing dominance in the television space and a major shift as streaming takes on more live events. The Oscars will be available live and for free to over 2 billion viewers globally on YouTube, as well as to YouTube TV subscribers in the US. This move aims to revitalize the Oscars' declining viewership, which has fallen from 55 million in 1998 to around 20 million in recent years. YouTube's streaming of the Oscars will also expand access to the Academy's year-round programming. The Academy's decision to partner with YouTube marks a significant shift in the television landscape. According to a report by TechCrunch, YouTube's growing influence in live event streaming has made it an attractive option for the Academy. "This historic deal marks a significant shift in the television landscape, as YouTube outbids long-time host ABC," said a TechCrunch report. YouTube's streaming of the Oscars will also provide a new platform for the Academy to reach a wider audience. "We're excited to partner with YouTube to bring the Oscars to a global audience," said a spokesperson for the Academy. "This partnership will allow us to reach a new generation of film enthusiasts and provide a new platform for our year-round programming." The deal is seen as a major victory for YouTube, which has been expanding its live event streaming capabilities in recent years. According to a report by TechCrunch, YouTube's live event streaming has grown significantly, with the platform hosting over 100 live events in 2022 alone. As the Academy prepares for its new partnership with YouTube, fans can expect to see a new format for the Oscars. According to a report by TechCrunch, the Academy is planning to revamp its live event streaming capabilities, including the use of new technology and innovative production techniques. The 101st Oscars is set to take place in 2029, marking a new era for the Academy's live event streaming. With YouTube at the helm, fans can expect to see a new and exciting format for the Oscars, one that will bring the ceremony to a global audience.