Every year, the Academy of Motion Picture Arts and Sciences hosts its revered award gala: The Oscars. A tradition of 91 years, the Oscars have become one of the most-watched televised events in the world, and a staple of the entertainment industry. Producers, actors and actresses, and the entire cosmos of filmmaking convene in one night, looking to determine who did what the best in the past year.
A tradition that long in one of the highest-grossing industries in the world has some eye-popping numbers behind it. Today, we will have a look at some of them
- $130 million: the annual economic boost that Los Angeles perceives from the Oscars.
- $128 milion: Kantar Media’s prediction for ad revenue income for ABC. Last year saw the network pocket $149 million – its highest-grossing ad day in 2018.
- $100 million+: Hollywood’s estimated spend in Oscar lobbying every year.
- $44 million: The gross cost of the awards event.
- $15 million: Average box office increase for a Best Picture winner.
- 26.5 million: number of viewers for the 2018 Academy Awards ceremony in the U.S.
- $10 million: the price for an A-lister to sport a certain look to the Oscars.
- $2.6 million: The cost of a 30-second ad to run during the event. The number may seem large, but it’s still 50% less than the SuperBowl.
- $150,000: estimated value of an Oscars goodie bag. Last year, the biggest goodie that was found in the bags was a $40,000 deluxe trip to Tanzania.
- $103,220: entry price to the Vanity Fair Oscar Party – the most expensive post-awards event.
- $24,700: the cost for 16,500-square-feet of red carpet for the event.