In a groundbreaking move for a cornerstone of television, the Academy Awards will transition from ABC to streaming on YouTube starting in 2029, as announced by the Academy of Motion Picture Arts and Sciences on Wednesday.

ABC is set to continue airing the celebrated event until 2028, coinciding with the Oscars’ 100th edition.

From 2029 onward, YouTube will secure the global streaming rights for the Oscars, continuing this partnership until 2033.

“We are excited to forge a comprehensive global alliance with YouTube, making it the new home for the Oscars and our Academy’s year-round programming,” stated Bill Kramer, the Academy’s CEO, alongside Academy President Lynette Howell Taylor. “As an international entity, this collaboration allows us to broaden access to the Academy’s endeavors, reaching a vast worldwide audience — a move that will greatly benefit our Academy members and the film industry at large.”

Although many major award shows have embraced streaming collaborations, the YouTube agreement marks a first among the big four — Oscars, Grammys, Emmys, and Tonys — to completely step away from traditional broadcasting. This pivotal change places one of the most-watched non-sporting broadcasts under Google’s expansive umbrella, with YouTube reaching an audience of approximately 2 billion viewers.

The Academy Awards will stream for free on YouTube, in addition to YouTube TV subscribers.

Financial terms were not disclosed.

“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.”