The Oscars are moving to YouTube beginning in 2029

The Oscars will have a new home before the decade is out.

On Wednesday, the Academy of Motion Picture Arts and Sciences announced it had signed a multi-year deal with YouTube that will give them the exclusive global rights to the Oscars beginning in 2029, which will be the same year as the 101st ceremony.

ABC, which has aired the ceremony for decades, has the rights to the telecast through 2028.

The awards ceremony will be available free on YouTube, and the online platform will also air other events related to the ceremony, like nominations and the Governor Awards.

“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 CEO Bill Kramer and Academy President Lynette Howell Taylor, in a joint statement. “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. This collaboration will leverage YouTube’s vast reach and infuse the Oscars and other Academy programming with innovative opportunities for engagement while honoring our legacy. We will be able to celebrate cinema, inspire new generations of filmmakers and provide access to our film history on an unprecedented global scale.”

Neal Mohan, CEO of YouTube also shared in a statement, “The Oscars are one of our essential cultural institutions, honoring excellence in storytelling and artistry. 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.”

Follow us @tnndentertainement on Instagram.