LOS ANGELES - The Academy Awards, otherwise known as The Oscars will have a new home in 2029.

According to a press release, the award ceremony, which has aired on ABC since the 1970s, will be streamed exclusively on YouTube beginning in 2029 following a multi-year deal that will give YouTube the exclusive global rights to The Oscars through 2033.

The Oscars will continue to air on ABC through 2028.

The award ceremony, as well as red carpet coverage, behind-the-scenes content, Governors Ball access and more will be available for free on YouTube, and to YouTube TV subscribers in the United States.

The partnership will also include access to other Academy events and programs via The Academy's YouTube channel, including the Governors Awards, the Oscars nomination announcement, the Oscars nominees luncheon, the Student Academy Awards, the Scientific and Technical Awards, Academy member and filmmaker interviews, film education programs, podcasts and more.

In addition, this partnership will include the Google Arts & Culture Initiative will help provide digital access to select Academy Museum exhibits and programs and digitize components of The Academy Collection.