The show was hosted by ABC for more than a half-century and reveals the latest major shakeup in Hollywood.

LOS ANGELES >> The annual Academy Awards telecast will move from the ABC broadcast network to YouTube starting in 2029 and will stream live around the world for free, the parties said today.

The world's highest-profile and most-watched awards show, which has aired on ABC since 1976, will be moving to a streaming-only platform starting as part of a deal that also includes red carpet coverage, the Oscar nominations announcement, the Governors Awards and more.