The Academy of Motion Picture Arts and Sciences has finalized a landmark agreement with YouTube, designating the platform as the exclusive home for the world’s most prestigious film awards beginning in 2029. While ABC has held the broadcasting rights for decades, their contract is set to expire in 2028, at which point the global distribution of the ceremony will transition to Google.
Although the financial specifics of this high-stakes deal remain confidential, industry insiders suggest the figure is in the nine-digit range. This massive investment reportedly far outstripped competing offers from major networks like Disney, NBC, and Universal, all of whom were vying for the prestige of hosting the annual gala.
The 2029 shift promises a new era of accessibility, allowing viewers worldwide to tune in to the ceremony free of charge. Beyond the main event, YouTube will provide comprehensive coverage of the red carpet arrivals, exclusive interviews, and various auxiliary Academy events, bringing the magic of Hollywood to a truly global audience.
