- Oscar represent the pinnacle of recognition in the world cinema scene. Annually, the Academy of Motion Picture Arts and Sciences pays homage to the excellence of the big screen in various categories.
But going into detail, what does taking home an Oscar mean? And what are the economic benefits for the winners?
What do you win with a Oscar Prize?
In addition to great visibility media, a Oscar Prize offers a series of advantages to whoever wins it. First, the recognition represents an important boost to your professional career of the artist, able to attract the attention of producers and directors. Also, a Oscar Prize can greatly increase the value of a film, leading to an increase in box office receipts.
But it is not only the economic value that is important. The Academy Awards represent a symbol of excellence, an occasion to celebrate the talent and creativity of film professionals, helping to consolidate the film industry's image as one of the most innovative and inspiring in the world.
The statuette is in fact an icon, the physical representation of talent recognition.
How much does a winner earn? Oscar Prize?
From an economic point of view, a Oscar Prize represents an advantage not only for the director and the lead actors of the film, but also for producers. Indeed, the victory of a Oscar Prize can lead to an increase in requests of distribution of the film, and consequently a an increase in revenues.
As for prize money, the Academy of Motion Picture Arts and Sciences it does not provide a sum for the winners of the Academy Awards.
However, it is estimated that the majority of actors and directors receive, as a result of the substantial increases in fees, an increase of even 20% for the victory in a major category, such as Best Actor or Best Director.
Here are some examples of films that rose to prominence after the win
Historically, for example, the increase has been particularly noted for films such as "The King's Speech" or "American Beauty". The first saw its takings increase by 247% immediately after the victory of the statuette, while the second he moved from 54th place to the top 10 of the most watched films in a matter of days.
In any case, it is important to underline that the Oscar Awards represent above all an opportunity for visibility and prestige for film professionals, who often manage to derive further benefits from recognition in terms of career and image.
