May 27, 2021, 12:28 p.m. ETMay 27, 2021, 12:28 p.m. ET The Academy Awards will be held on March 27 next year.Credit...Matt Sayles/Invision, via Associated Press In another advantage for streaming, films can skip a theatrical release entirely — for the second year in a row — and still be eligible for the Academy Awards, which will next be held on March 27, the Academy of Motion Picture Arts and Sciences said on Thursday. In making its decision, the organization cited a marketplace “still impacted by the pandemic.” Movie theaters in the United States reopened months ago with limited capacity. Cinemas in some areas of South America, Europe and Asia are closed or have only reopened recently.