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Oscars Move to YouTube, Eyeing 2 Billion Viewers
18 Aug
Summary
- Academy budgets $187 million for July 2026-June 2027 fiscal year.
- Oscars ceremony set to air on YouTube starting in 2029.
- Academy is actively discussing AI's role in creativity.
The Academy of Motion Picture Arts and Sciences held its annual meeting to outline leadership, budget, goals, and priorities. A budget of $187 million has been set for the July 1, 2026, to June 30, 2027, period, with diversified revenue streams now contributing significantly.
The organization is preparing for a major shift as the Oscars ceremony will begin airing on YouTube in 2029, with aspirations to reach two billion viewers worldwide. The event will relocate to the larger Peacock Theater in downtown Los Angeles, increasing seating capacity and member access.
Discussions regarding artificial intelligence were also a key focus, with Academy leadership assuring members of ongoing engagement with the technology's development and its impact on creativity. The Academy aims to foster dialogue among artists and technologists.
Additionally, the Academy Museum of Motion Pictures highlighted recent acquisitions, including significant props and artifacts from various films. The Pickford Center, housing the Academy Film Archive, is slated for renovations by the end of 2029.
