"Hollywood may be embattled. But it's still capable of putting out a compelling narrative: On Wednesday morning, news broke that Netflix has won (for now) the right to buy Warner Bros. studio and HBO. A few hours later, news broke that YouTube is going to be the new host of the Oscars. Even the dullest of us can understand this storyline:"
"If Netflix does end up walking away with most of Warner Bros., that's a big, structural change. A purely digital outlet will control a movie studio that (still) puts movies into movie theaters, as well as the most prestigious premium TV service. And while I'm still processing this one, I think moving the Oscars from ABC - in 2029, when the five-year deal kicks in - is going to be more symbolic than tectonic."
Oscars remain a major television event but face long-term audience decline. Moving the broadcast to YouTube in 2029 will be more symbolic than transformative for viewership. Netflix's potential acquisition of Warner Bros. and HBO represents a structural shift as a streaming company gains control of theatrical movie releases and a premium TV brand. The Academy of Motion Picture Arts and Sciences will continue to produce the ceremony, which suggests the show’s look and format will likely remain familiar. YouTube hosting may not change the core audience dynamics, and a platform shift alone is unlikely to attract substantially more eyeballs.
Read at Business Insider
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