In 2022, Americans had a big return to theaters, with domestic box office revenue up 65% from 2021. With the Oscars approaching, it’s now time to celebrate the best-quality films that made the biggest impact – not just the ones that made the most money. To help you get psyched for the film industry’s biggest night, WalletHub did our homework on everything from box office sales and Rotten Tomatoes ratings for the Best Picture nominees to the price of awards-season lobbying. You can find all of these awesome Oscars fun facts in the infographic below. That’s followed by a Q&A on the state of the film industry with a panel of entertainment experts.
Top 5 Oscars Facts for 2023:
$56.8M: Total cost of the Oscars ceremony.
$10M: Cost of the look for an A-list actress attending the Oscars.
28%: Share of this year’s Oscar nominees who are women (lowest percentage in four years).
$24.7K: Cost of the 50,000 square foot Oscars red carpet.
$1.95M: Cost of a 30-second ad during the Oscars (72% less than the Super Bowl).
Ask the Experts: Taking Oscar’s Pulse
For a closer look at a variety of issues related to the Academy Awards, from demographics to dollars and cents, we posed the following questions to a panel of leading business and entertainment experts. You can check out their bios and responses below.
What impact would the lack of diversity on the main categories have on the awards? Will they be considered less relevant for the general public as time goes by?
In light of the past years’ controversies, the Academy has worked to improve the diversity of the awards (from the implementation of new representation and inclusion standards to the diversification of its membership). What else can be done to address this critical issue?
Do you believe the current system of nominating films is a fair and transparent one? How can this process be improved?
Who is going to win the award for Best Actor? Actress? Director? Motion Picture?
Ask the Experts
Kate Fortmueller Ph.D. – Assistant Professor, Department of Entertainment and Media Studies – University of Georgia Read More
Michelle M. Pulaski Behling Ph.D. – Associate Professor and Associate Chair, Media, Communications, and Visual Arts – Pace University Read More
Gabriel Rossman Ph.D. – Professor of Sociology, College of Social Sciences – University of California, Los Angeles Read More
David Coury Chair, Modern Languages, Humanities, German and Global Studies; Director, Green Bay Film Society, Center for Civic Engagement – University of Wisconsin-Green Bay Read More
S. Abraham (Avri) Ravid Sy Syms Professor of Finance and Chair, Finance Department, Sy Syms School of Business – Yeshiva University Read More
Gautam Chopra Professor of Film Studies and Production - Boston College and Emerson College Read More