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Stockreport

The Oscars will abandon broadcast TV for YouTube starting in 2029 [CNN]

Netflix, Inc. (NFLX)  More Company Research Source: CNN
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The Academy of Motion Picture Arts and Sciences said Wednesday that YouTube signed a “multi-year deal” for the “exclusive global rights to the Oscars.” The deal will run through 2033. The deal underscores a tremendous power shift in the media industry, which has been upended by YouTube and streaming platforms like Netflix. ABC, owned by Disney, has been the home of the Oscars for decades. ABC will continue to show the awards ceremony through 2028. The Academy had been auctioning off the rights to future telecasts in recent weeks, leading to speculation that a new Big Tech buyer would swoop in. YouTube evidently outbid ABC and other suitors, though the details were not immediately available. YouTube CEO Neal Mohan said in a statement, “The Oscars are one of our essential cultural institutions, honoring excellence in storytelling and artistry. Partnering with the Academy to bring this celebration of art and entertainment to viewers all over the world will inspire a new gene [Read more]
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Stockreport

The Oscars will abandon broadcast TV for YouTube starting in 2029 [CNN]

Netflix, Inc.  (NFLX) 
More Company Research Source: CNN
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The Academy of Motion Picture Arts and Sciences said Wednesday that YouTube signed a “multi-year deal” for the “exclusive global rights to the Oscars.” The deal will run through 2033. The deal underscores a tremendous power shift in the media industry, which has been upended by YouTube and streaming platforms like Netflix. ABC, owned by Disney, has been the home of the Oscars for decades. ABC will continue to show the awards ceremony through 2028. The Academy had been auctioning off the rights to future telecasts in recent weeks, leading to speculation that a new Big Tech buyer would swoop in. YouTube evidently outbid ABC and other suitors, though the details were not immediately available. YouTube CEO Neal Mohan said in a statement, “The Oscars are one of our essential cultural institutions, honoring excellence in storytelling and artistry. Partnering with the Academy to bring this celebration of art and entertainment to viewers all over the world will inspire a new gene [Read more]
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