ABC and the Academy of Motion Picture Arts and Sciences announced Wednesday that they have expanded their agreement for eight more years, in which the Network will remain home to the Oscars, Hollywood’s biggest entertainment ceremony of the year, through 2028.
The new agreement for the domestic network of the Academy Awards adds eight years to the existing contract, which was scheduled to expire in 2020.
The Academy’s negotiating team was led by Academy President Cheryl Boone Isaacs, Hudson, Gianopulos, attorneys Chris Tayback and Ken Ziffren, economic advisor John Sandbrook and Academy in-house counsel Scott Miller.
The Disney / ABC Television Group’s negotiating team consisted of Sherwood; Dungey; Jana Wingrade, head of Business Operations; Jennifer Mayo, senior vice president, Business Affairs; Grant Michaelson, vice president, Business Affairs; Mark Mazie, chief counsel, Media Networks; and Stewart Harrison, deputy chief counsel.
The 89th Academy Awards will be held Oscar Sunday, February 26, 2017, at the Dolby Theatre at Hollywood & Highland Center in Hollywood, and will be televised live by the ABC Television Network.
The Oscar presentation also will be televised live in more than 225 countries and territories worldwide.
The Academy of Motion Picture Arts and Sciences is a global community of more than 7,000 of the most accomplished artists, filmmakers and executives working in film.
In addition to celebrating and recognizing excellence in filmmaking through the Oscars, the Academy supports a wide range of initiatives to promote the art and science of the movies.
These include public programming, educational outreach and the upcoming Academy Museum of Motion Pictures, which is under construction in Los Angeles.
Disney / ABC Television Group is comprised of The Walt Disney Company’s global entertainment and news television properties, owned television stations group, and radio business.
Photo courtesy: The Academy