Its Oscar (shopping) season.
Reps for the Academy and ABC declined comment on the news, first reported by Bloomberg.
According to sources, ABC would like to keep the Oscars, but at a price.
Cynthia Erivo and Ariana Grande at the 97th Oscars; Benson Boone performing during the 67th Annual Grammy Awards (inset)Getty Images
Which is what recently happened with the Grammys and CBS, their home of more than 50 years.
According to Bloomberg, the pact is worth $70M a year.
That is a sentiment shared by many of Hollywoods heavy hitters.
