×
You will be redirected back to your article in seconds

Last Year’s Academy Awards Cost More Than $40 Million

The Academy of Motion Picture Arts & Sciences released its yearly report on Wednesday, which revealed the budget for the 2014 Oscar season: $40.8 million.

The 86th annual Academy Awards, hosted by Ellen DeGeneres, posted $97.2 million in revenues, up from $93.7 million the previous year.

The costs encompass production of the televised ceremonies, Governors Awards, Governors Ball, staffing and various other costs including the event, though the Academy did not itemize these.

Featuring the infamous Oscar selfie, the March 2 show drew more than 45 million viewers becoming the most-watched entertainment event in over 10 years.

In total, the Academy’s assets were $534.0 million in 2014, a hefty jump from the $488.8 million of 2013. Revenues were $151.4 million, climbing from $134.3 million. The Academy’s biggest jump in assets in 2014 came from investments, $365.7 million, up from $277.7 million.

The report, compiled by PricewaterhouseCoopers, comes 24 hours before the announcement of the Oscar nominations.

More Film

  • Aquaman

    China Box Office: ‘Aquaman’ Sinks All Challengers With $94 Million Opening

    The decision to release “Aquaman” in China two weeks prior to its North American outing paid off handsomely. The DC Comics adaptation achieved a massive $94.1 million opening in three days, according to data from Asian entertainment consultancy Artisan Gateway. The early release meant that the film played against weak opposition – tired Hollywood and [...]

  • Alfonso Cuarón, Emmanuel Lubezki Discuss the

    Alfonso Cuarón Details 'Roma' Cinematography With 'Gravity' DP Emmanuel Lubezki

    As part of an overall push to bring Alfonso Cuarón’s “Roma” to awards season voters, Netflix’s “‘Roma’ Experience'” played host to guild and Academy members Sunday in Hollywood. The all-day event featured panels focused on the film’s crafts and an audio-visual installation akin to the streamer’s FYSee initiative for Emmy contenders, featuring costumes and art [...]

  • IFFAM: Erik Matti Hatches Plans for

    IFFAM: Erik Matti Hatches Plans for ‘On The Job’ Franchise

    Filipino director Erik Matti is known for his eclectic body of work that includes “Honor Thy Father” and “Seklusyon.” His 2013 effort, “On The Job” travelled widely and won several awards including two at the Bucheon International Fantastic Film Festival, and was nominated for an SACD Prize at the Cannes Directors’ Fortnight. Matti is at [...]

  • Joan Chen attends the season premiere

    Joan Chen Talks Diversity in Hollywood, Welcomes #MeToo

    Chinese-American actress, writer and director Joan Chen says that she was flattered when Time magazine described her as the “Elizabeth Taylor of China.” When asked at an in-conversation event in Singapore on Saturday whether she paved the way for Chinese actresses to follow in Hollywood, Chen said, “We never go to work because we want [...]

  • Kyzza Terrazas Joins Garcia Bernal, Diego

    Kyzza Terrazas Joins Gael Garcia Bernal, Diego Luna’s La Corriente del Golfo (EXCLUSIVE)

    BUENOS AIRES — Launching their new production house, La Corriente de Golfo, last April, Gael García Bernal and Diego Luna have tapped Mexican writer-director Kyzza Terrazas as the company’s head of development. The appointment will certainly help build the company appointing an old-rounder capable of overseeing and implementing development, writing and directing, and a longtime [...]

  • IFFAM Actress in Focus: Yao Chen

    IFFAM Actress in Focus: Yao Chen Talks Performing, Producing and Public Pressure

    Macao’s Actress in Focus is a woman who has trained as a boxer, likes British actors, especially Benedict Cumberbatch and Jeremy Irons, and is now setting out her stall as a producer. Yao Chen has built a career over 20 years thanks to TV shows including “My Own Swordsman,” and films including “If You Are [...]

  • Bradley Liew's 'Motel Acacia' Shoots After

    Cautionary Tale, 'Motel Acacia' Under Way After Four Years of Development

    Production has begun on Malaysian director Bradley Liew’s upscale horror film “Motel Acacia.” With a clearly topical message, the film features a hotel bed that eats immigrants. Actor, JC Santos called it: “A cautionary tale of what’s going to happen in the future.” Indonesian star, Nicholas Saputra said the he agreed to the role “because [...]

More From Our Brands

Access exclusive content