YouTube is rolling out the red carpet for the Oscars.
The Academy Awards—which have aired on ABC since 1976—will be moving over to the streaming platform starting in 2029, just one year after the ceremony’s 100th anniversary. In the landmark deal, YouTube outbid all other offers, allowing the Oscars ceremony to stream on the platform through 2033.
“Film’s biggest night is headed to @YouTube,” The Academy shared on social media Dec. 17 alongside an image that depicts an Oscar award next to the YouTube logo, “starting 2029.”
But the big move won’t start right away. Indeed, ABC will retain the rights to the world’s most watched awards telecast through 2028, which marks the 100th edition of the iconic ceremony. After that, the Oscars will be available for free on YouTube for viewers around the globe.
“The Oscars are one of our essential cultural institutions, honoring excellence in storytelling and artistry,” YouTube CEO Neal Mohan said in a statement, per Deadline. “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.”