In recent years, the Oscars have made several changes; however, changing its streaming platform is arguably the most significant shift yet. Academy chief executive Bill Kramer and academy president Lynette Howell Taylor announced that the Academy Awards will no longer be broadcast on ABC. Instead, they will be streamed on the popular streaming platform YouTube. View this post on Instagram Instagram PostThis change will take effect in 2029, and ABC will continue to broadcast the annual Awards ceremony until 2028, which will also be the year of the Oscars centenary anniversary.The announcement read:“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.”It added:“The Academy is an international organisation, 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.”More details on the Oscars and YouTube streaming dealThe Academy Awards and YouTube have come to an agreement. Starting in 2029, the video watching and streaming platform will retain global rights to stream the awards until 2033. According to reports, YouTube will provide a free coverage of everything about the Academy Awards, including the red-carpet show, the Governors Awards and the awards nominations announcement. View this post on Instagram Instagram PostThe chief executive of YouTube, Neal Mohan said in a statement:“The Oscars are one of our essential cultural institutions, honouring excellence in storytelling and artistry.”He continued:“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.”Reports say that this shift in streaming platforms comes after a steep decline in views in the last five years. ABC has been the broadcast platform for the Academy Awards since 1961. The broadcast network said in a statement following the change.“ABC has been the proud home to The Oscars for more than half a century.”Adding:“We look forward to the next three telecasts, including the show's centennial celebration in 2028, and wish the Academy of Motion Picture Arts and Sciences continued success.”Also read: "People who killed JFK killed Charlie": Candace Owens reacts to post disputing Tyler Robinson's role in Charlie Kirk's assassinationAlso read: Who were Shawn Mendes' ex-girlfriends? Singer's dating history explored as he was spotted with Brazilian actress in Rio de Janeiro