The Academy Awards (or the Oscars) are all about prestige and glamor. We tune in to see what the stars are wearing and to watch the spectacle of the glitzy show. We may even want to know what movies from the previous year are worthy of an Academy Award. While you’re taking all this in, you might also wonder how much it all costs?
From the outfits to the commercials, the budget for the Oscars is enormous. Let’s check out some of the numbers:
It’s estimated that the cost of an Oscar-night dress could range from $5,000 to $15,000, plus an extra $1,500 to $6,000 if you’re working with a stylist.
Advertisers have spent more than $700 million on commercials during a 10-year period for the Academy Awards broadcast.
Tickets to the first ceremony were only $5. Now you can’t even buy a ticket. You have to be invited. Going to one of the famous after-parties, like the one thrown by Vanity Fair, could cost you upwards of $100,000.
The Academy of Motion Picture Arts and Sciences’ budget for the ceremony has been priced at more than $20 million. Although the Academy brings in more than $70 million in revenue, largely due to the Academy Awards.
This year’s nominations ranged from the big budget to the very small. Some of the favorites to win including Lincoln, Argo and Zero Dark Thirty cost half as much or less than the top budgeted film Life of Pi.
Life of Pi: $120 million
Django Unlimited: $100 million
Lincoln: $65 million
Les Miserables: $65 million
Argo: $44.5 million
Zero Dark Thirty: $40 million
Silver Linings Playbook: $21 million
Amour: $4 million
Beasts of the Southern Wild: N/A