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Stock impact report

Oscars show moving to YouTube after half century on Disney's ABC [Yahoo! Finance]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The Academy of Motion Picture Arts & Sciences announced Wednesday that the streaming platform will take over the show when the organization's contract with Walt Disney Co.'s ( DIS ) ABC network expires. The deal with YouTube runs through 2033, the parties said in a statement. Bloomberg News reported in August that YouTube was bidding for the program. The audience for the annual film awards show, widely viewed as Hollywood's highest honors, has dwindled with the declining popularity of broadcast television and movie theaters. The audience for this year's show averaged 18.1 million viewers, down from the 1998 peak of 55.2 million, when won best picture. The annual ceremony was first televised by NBC in March 1953, according to the academy. It moved to ABC for 10 years starting in 1961 and went back to NBC from 1971 to 1975. ABC has had the program since 1976. Terms of the deal weren't announced. Disney had reportedly been paying about $75 million a year for the rights. ©2025 Show less Read more
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