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February 07, 2005
ABC Extends Deal to Broadcast Oscars for 10 Years
The Academy of Motion Picture Arts and Sciences, which gives out Hollywood's Oscars (news - web sites), has extended the deal to air its annual awards show on the ABC television network for 10 years, Academy President Frank Pierson said on Monday. Pierson declined to give financial details of the pact with the network, which is owned by The Walt Disney Co . Pierson said this new deal gives ABC the right to air the telecast through 2014. ABC has broadcast the Oscars for nearly 30 years, reaching tens of millions of U.S. viewers and bringing in lucrative revenues from expensive advertising.
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Posted By: Ray @ 9:32 PM | 
