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Sky already offers several HD stations to its subscribers, including Sky Movies HD and the Discovery Channel.
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The awards ceremony will be broadcast on Sky Arts 1 HD on 14 March.
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In addition to movies, the agreement covers Disney's TV channels - Disney Channel, Disney XD and Disney Junior - which will continue to be made available to Sky customers, alongside a new HD version of Disney Junior, launching in April.
ENGADGET: Sky cuts a deal with Disney for exclusive access, launches Sky Movies Disney
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All movies will be made available to Sky customers on-demand, on Sky Go, as well as in High Definition (HD) and 3D where available.
ENGADGET: Sky and NBC Universal extend content deal with exclusive movie rental window
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Sky customers will be able to use the massive capacity to store up to 350 hours of HD content, equivalent to more than two weeks' worth of HD TV viewing.
ENGADGET: Sky+ launches 7-day Catch Up TV, 2TB HD DVRs and adds zeebox extras to its iPad app