Disney and Academy Extend Global Distribution Pact for Oscars

11:56 AM PDT 6/29/2012 by Alex Ben Block

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The company now has licensed broadcast rights to both domestic and international distribution of the Academy Awards through 2020.

The Academy of Motion Picture Arts & Sciences has extended its global distribution agreement for the Academy Awards with Disney Media Distribution through 2020, it was announced Friday by Academy president Tom Sherak and Anne Sweeney, president of the Disney/ABC Television Group.

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This agreement covers sales of the Oscars to networks and media platforms outside of the U.S.

ABC already is the long-term domestic home of the Academy Awards and in 2011 extended that contract through 2020. The international deal was set to expire in 2014 but now both domestic and global sales are in sync for the duration of the current contracts.

“Disney Media Distribution has been successful in securing distribution around the world for the Academy Awards, and we’re thrilled to extend this partnership,” said Sherak in a statement. “The Oscars are an international event beloved by a global audience. It’s a testament to the magic of Hollywood.”

“We are excited to be able to extend our agreement to deliver the world’s biggest celebration of entertainment to audiences around the globe,” said Sweeney in a statement. “We look forward to building on the foundation of our relationship with the Academy, and working together to reach new audiences on new platforms in the years ahead.”

The Oscars are seen in more than 225 countries and territories around the world on traditional broadcast outlets and new media platforms including video on demand and online streaming services.

The next Oscar telecast is set for February 24, 2013. It will be held once again at the theater in the Hollywood & Highland Center -- recently renamed the Dolby Theater in the wake of the Kodak bankruptcy.

Disney Media Distribution handles international distribution for product from the Walt Disney Company. It is part of the Disney/ABC Television Group. According to the announcement, it distributes more than 30,000 hours of programming to over 1,300 media platforms in about 240 countries and territories worldwide.