2022 Oscars Revenue Rises, but Investment Losses Hit Film Academy Bottom Line
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This year’s Academy Awards broadcast on ABC saw its TV ratings rise considerably from 2021, and financial statements from the Academy of Motion Picture Arts & Sciences show that revenue from the event also rose year-over-year.
Revenue from the Academy Awards and “related activities” was 137.1 million in fiscal 2022 (which ended June 30), up nearly 20 million from 2021, when it had revenue of 117.7 million. The Academy’s deal with ABC and Buena Vista International (which handles international sales) is built around fixed license fees as well as sales or usage-based royalties (which would benefit from improved ratings and advertising sales), a possible source of the jump in revenue.
2021 was an all-time low in the ratings for the Oscars, which also saw the event leave the Dolby Theatre for a stripped-down show at Union Station in Los Angeles. According to the financial statements, the Academy also amended its...
This year’s Academy Awards broadcast on ABC saw its TV ratings rise considerably from 2021, and financial statements from the Academy of Motion Picture Arts & Sciences show that revenue from the event also rose year-over-year.
Revenue from the Academy Awards and “related activities” was 137.1 million in fiscal 2022 (which ended June 30), up nearly 20 million from 2021, when it had revenue of 117.7 million. The Academy’s deal with ABC and Buena Vista International (which handles international sales) is built around fixed license fees as well as sales or usage-based royalties (which would benefit from improved ratings and advertising sales), a possible source of the jump in revenue.
2021 was an all-time low in the ratings for the Oscars, which also saw the event leave the Dolby Theatre for a stripped-down show at Union Station in Los Angeles. According to the financial statements, the Academy also amended its...
- 06/12/2022
- par Alex Weprin
- The Hollywood Reporter - Movie News
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