The 2029 Academy Awards may end with a call to like and subscribe.
The 101st Academy Awards – or Oscars – will be streamed on YouTube, ending a decades-long run on the broadcast network ABC. The new contract will last five years and comes amidst declining viewership for the Oscars and awards shows in general.
To get a sense of what this means for YouTube, the Academy of Motion Picture Arts and Sciences and the future of streaming, UVA Today talked to Anthony Palomba, an assistant professor at the University of Virginia’s Darden School of Business.
Q. Why would the academy decide to move the Oscars to YouTube?
Anthony Palomba is an assistant professor at the Darden School of Business and an expert on the business of streaming. (Photo by Matt Riley, University Communications)
A. The academy’s decision to stream the Oscars on YouTube is best understood as a strategic move centered on reach, relevance and risk management. Linear TV ratings for awards shows have been structurally declining due to cord-cutting and fragmented attention, so the academy can’t continue to rely on an aging, loyal broadcast audience.
YouTube provides direct access to under-35 viewers, particularly Gen Z. Of course, this is a tough audience to advertise to, as it is largely smarter about brands it engages with.
It also dramatically expands global access, allowing the Oscars to reach international audiences without renegotiating dozens of local broadcast agreements. Finally, there is a clear cultural relevance play: absence from dominant digital platforms signals stagnation, while presence signals adaptation.
This move is not about abandoning television; it is about ensuring the Oscars against long-term irrelevance.
Q. What’s in this for YouTube?
A. There is a halo effect here, at least one that revolves around pop culture, along with incentives to pursue legitimacy, cultural authority and monetization.
Since the decline of MTV, there really hasn’t been a source that has systematically organized trends and pop culture. This provides YouTube perhaps a cultural anchor and bridge toward connecting intergenerationally with different segments.
This can help legitimize the platform for older viewers and perhaps expand the perception for younger viewers beyond being a source for user-generated content. I also believe, frankly, that more and more artists from Hollywood are going to use YouTube for creating their own TV series and movies.
Q. Does this expand viewership for the Oscars?
A. Yes, potentially. While this can expand the potential viewership and perhaps total addressable market for viewership, is this still relevant for consumers? If not, can it be made relevant again? It is estimated that the event in 2029 on YouTube will be accessible to over 2 billion people.
There could be more total eyeballs, but it’s the very same people who watch this who engage in viewing scores of viral clips, selective engagement and second-screen viewing (e.g., on a phone while a TV show is going on). So, will there be less concentrated attention? Probably.

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