This Is How Much Money The Oscars Awards Night Costs
All the glamour and grandeur does not come for free, especially for the world’s biggest awards ceremony. The cost of the Academy Awards definitely stuns in ostentatiousness and extravagance. With every detail checked into perfection, this is how much money is splashed in to make the Oscars happen.
Venue, Envelopes, Trophy for Oscars
Putting price tags for the venue, envelopes and trophy for the awards night already pushes the expenses’ list up the ceiling. According to Academy of Motion Pictures Annual Report in 2015, the rental cost of the Dolby Theatre, formerly known as the Kodak Theatre, rakes in at about US$349,100, which is much higher compared to the US$285,000 rental in 2014.The theatre, located at Hollywood & Highland in Los Angeles, California, is rented for weeks before the awards night.
On the other hand, designer Marc Friedland debuted his Oscars envelope and announcement cards in 2011. During its launch, it costs US$200 in 2014 each. Each card is made of gold which weighs 0.25 pounds. Furthermore, Friedland’s team Mashable, revealed that they have worked 110 hours in 2014 to create three sets of envelopes to be used for the Oscars’ 24 categories. A total of 72 envelopes have been used for the awards night, while three announcement cards for every nominee. All in all, a total of 363 cards are used for 121 nominees.
The most coveted trophy of all, the 24-karat plated Oscar statuette, has an estimated value of $ 400 way back in 2011. It weighs 8.5 pounds and it takes three months to manufacture 50 of them.
However, since bronze casting has become more tedious, the award became much more expensive in 2016.
Double The Value: Selling The Oscars
It has been reported that Michael Jackson paid US$1.54 million for the 1939 best picture statuette for “Gone With the Wind.” Another trophy, the 1941 best screenplay Oscar for “Citizen Kane” was sold for over US$500,00 in 2012. Joan Crawford’s statuette for “Mildred Pierce” was auctioned off in 2012 for US$426,732.
Total Cost of One Academy Awards Night
All in all, the price tag of one Oscars awards night amounts to$ 44 Million. This includes the nominees’ luncheon ($260,000), the Governors awards ($865,000), the Governors Ball ($1.8m), and the live show amounting to $21 M- $22 M.
However, despite the millions spent for one show, nothing will ever compare to the fulfillment of owning an Oscar and belonging to this year’s illustrious roster of Academy Award Winners.
Justin Timberlake Kicks Off 89th Academy Awards; Dances With This Hollywood Beauty
Justin Timberlake has turned party mode on when he opened the Academy Awards with his smash hit single "Can't Stop The Feeling" which was also nominated for Best Original Song.
Meryl Streep Trips Over In Her Blue Elie Saab Gown At Oscars Red Carpet
After her feud with Chanel hours before the Oscars, Meryl Streep tumbled in the red carpet in her blue Elie Saab gown.
Brace Yourselves: 'Atmos Elephant Nike Air Max 1' Makes Comeback In March
The Nike Air Max 1 Atmos Elephant is set to make a return this March after it won at the Nike Vote Back 2017.
Brad Pitt No Show At The Oscars Amidst Battle With Angelina Jolie
The Brangelina Saga takes it to another level as the former couple is fighting over one of their mansion the Chateau Miraval.
Meryll Streep Confirmed As Oscars Presenter
The two-time Oscars winner will present an award in this year's Academt Awards.
MORE IN ITECHPOST
How to Get More Life Out of Your PC -- Even If It's Already Old
Computers are expensive, so it makes sense to take good care of yours. Ideally, you'd take great care of your PC from the beginning -- cleaning it regularly with canned air, being careful with it, and protecting it from power surges, heat, and drops or falls.
2 NASA astronauts are home from ISS, proving SpaceX can safely bring people to and from space
After a two-month mission, SpaceX brings back home 2 astronauts, proving that it could transport people to and from space safely.
Something is Surely Brewing Within Destiny 2
How are you keeping on? There's a whole lot of content in the game and even though some of it is going away, the great variety won't go anywhere. On top of that, new stuff will be added and the huge add-on announced not that long ago kind of gives you hint about that. If you've played this game long enough, then you know you can't have everything, but what if there was a way? Of course, we're talking about Destiny 2 boosting. But it's not just good for herding some items. Our services can be used for any in-game goal, small or big.