BELOW SUPERNAV drop zone ⇩

How much is the Academy Awards ceremony costing this year?

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — For the first time in four years, the Oscars telecast, set for this Sunday, will have multiple hosts, as actors Wanda Sykes and Regina Hall and comedian Amy Schumer split the honor.

The pandemic hit Hollywood hard, with revenue down nearly 60% compared to pre-COVID-19 pandemic levels, according to WalletHub. But people can still look forward to certain things on Sunday staying the same: the red carpet, the awards and of course, the films.

WalletHub, ahead of one of the biggest nights in Hollywood, broke down exactly what it costs to put on the Oscars.

In total, the 2022 Oscars will cost $42.9 million. Each 24-karat gold-plated Oscar statuette, WalletHub reported, is priced at $400.

To attend the Vanity Fair Oscar party this year, it’s $80,000 per couple, making it the most expensive after-party on record. A-list actors can expect to pay an average of $10 million for their couture, although this number varies from $1.5 million for the average attendee’s ensemble to $266,000 for a first-timer.

For Los Angeles, the Oscars are an economic boon: $130 million is the annual revenue the city derives from the awards ceremony. ABC gets $120 million in ad revenue from the show and $21 million is generated by from the red carpet show.

It’s not just the city or television network that benefits from the awards: The best actor and actress winners can expect a 60% boost in pay.

To even get to the Oscars, it costs a lot: Hollywood spends $100 million on awards-season lobbying each year, per WalletHub.

Entertainment

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Fair

la

70°F Fair Feels like 70°
Wind
3 mph SSW
Humidity
22%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 46F. Winds light and variable.
46°F Clear to partly cloudy. Low 46F. Winds light and variable.
Wind
2 mph N
Precip
9%
Sunset
Moon Phase
Waning Gibbous