Leave it to Dave Ramsey to put the Oscars into perspective when it comes to money…
(Seriously though- he knows his stuff when it comes to overcoming debt! Take his Financial Peace University class…so worth it!)
Here are some fun facts about how much it costs to produce the Oscars…at least in previous years. Check them out!
How much do the Oscars cost to produce?
According to The Hollywood Reporter, the 2012 ceremony cost a cool $21.8 million to put on. Highlights include $260,000 for the nominees’ luncheon, $45,000 for the Oscar statuettes, $25,000 for the actual red carpet, and host fees between $15,000 and $25,000. On top of that, the Walt Disney Company spends $75 million annually for broadcast rights.
SB: So pretty much this is happening….
How much does the Academy Award statue cost to make?
Every time an actor/actress, director, producer, screenwriter, special effects person and so on picks up an Oscar statuette, chalk up $500.
SB: Through THIS Program, $500 could feed a family in Mexico for 5 months, give 5 families clean drinking water for life, or supplement families with blankets, bibles and pay for several kiddos to go to school. Talk about perspective!
What is the most expensive dress ever worn to the Oscars?
The priciest dress in Oscar history is believed to be Grace Kelly’s mint-green gown at the 1955 awards. She won Best Actress for The Country Girl and took the stage in a dress whose silk material alone was believed to cost $4,000 . . . in 1955. That translates to roughly $35,000 in 2014 dollars.
SB: The original article didn’t have a picture of the dress…I had to look it up. It’s very pretty, and I’m sure fashion forward for the time…and now a timeless look. That asside, it’s hard to believe that this dress was THAT expensive, unless Edith Head (the designer) used gold thread to sew it.
What is the value of the gift bags given to the stars at the event?
The SWAG (stuff we all get) gifts handed out to nominees who didn’t win in 2013 were the cheapest—ahem—in five years, with a value of “only” $47,802. Think that’s jacked up? Back in 2010, the price tag was up to about $90,000. The bag included a $45,000 safari in Africa and a $14,500 trip to Monte Carlo.
SB: This puts the whole “I’m just happy to be nominated” into perspective…because they know they are going to AFRICA and MONTE CARLO after the show! Ummm….can I get nominated and not win?
How big of a money impact does an Oscar win make for an actor or actress?
From 2007 to 2011, Best Picture award winners took in an extra $14 million in box office revenue. Hollywood talent agents and managers have ballparked that their clients who win Best Actor/Actress will get a 20% boost in pay for their next film.
What is the cost of a TV commercial shown during the awards?
Of course, nothing tops the Super Bowl in terms of price tags for a 30-second commercial—$4 million in 2014. But Oscar spots are nothing to sneeze at. ABC is seeking between $1.8 million and $1.9 million each.
How much were tickets to the first awards show?
They’ve come a long way, baby. At the first Academy Awards show from the Blossom Room of the Hollywood Roosevelt Hotel in May 1929, tickets to the event were $5 and admissions to the movies themselves were 25 cents.
So as you are watching the Oscars this weekend (aka my Hollywood birthday party that they forgot to invite me to ) you can spout out all these fun facts to your friends.