Warren Buffett plans to webcast annual meeting

Warren Buffett's Berkshire Hathaway is going digital with its main event.

The conglomerate plans to webcast its annual shareholder meeting for the first time this year, effectively giving the April event a broader reach. Last year, tens of thousands of people went to Omaha, Nebraska, for the event, where Buffett and Berkshire's Vice Chairman Charlie Munger give an outlook on investing and the economy.

Berkshire has typically banned attendees from filming, leaving many relying on media accounts of what Buffett said, according to Dow Jones, which first reported the news. This year, the webcast will likely cover the question-and-answer session, which can last hours.

Warren Buffett plays ping-pong with Bill Gates at the Berkshire Hathaway annual shareholder meeting in Omaha, Nebraska, on May 3, 2015.
Daniel Acker | Bloomberg | Getty Images

Berkshire's meeting has become a key tourism boon for Omaha, driving up hotel occupancy. Some of the company's subsidiaries also offer discounts to shareholders at the event.

Buffett's outlook may stir up even more interest than usual after the legendary investor endured a rough year in 2015. Major holdings including IBM, American Express and Deere have struggled recently.

He has also recently upped his stake in energy company Phillips 66 despite a prolonged period of lower oil prices.