This Year’s Academy Awards Will Cost a Ridiculous Amount of Money

Upcoming Oscars telecast has already earned controversy for lacking a host, too — and possibly giving out some statues during commercial breaks

Image Credit: JEAN BAPTISTE LACROIX/AFP/Getty Images & Shutterstock

Liberal Hollywood celebrities may constantly bemoan capitalism and support those politicians who urge more and more taxes from hard-working Americans — but when it comes to their own awards show, money is no object.

The 91st Academy Awards, which will air on Sunday evening, February 24, will cost a whopping $44 million in total, according to the finance website WalletHub.

The actual Oscar statue that is given to winners during the ceremony costs about $400; and the famous red carpet we see the stars traverse as they enter the Dolby Theatre in Los Angeles costs almost $25,000.

The Oscars are also a moneymaker, though, as ads during the telecast will cost an average of $2.6 million for just 30 seconds.

That’s about half what it cost for a spot during this year’s Super Bowl.

The major setback the Oscars face this year will be the steady ratings decline each ceremony has suffered over the years.

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There’s not much chance that this year will see any sort of increase in viewership, either, since the telecast is moving forward without a host.

Comedian Kevin Hart dropped out of the gig after receiving backlash online for past jokes of his that some people deemed homophobic.

This year’s telecast has also received backlash after the announcement circulated that some important awards may be given out during commercial breaks rather than live on the air.

Major filmmakers such as Quentin Tarantino, Roger Deakins and Martin Scorsese are among those who have signed a public letter denouncing the Oscars for saying it may award the cinematography, hair and makeup, editing, and live action short awards during commercial breaks.

Part of their letter reads, “To quote our colleague Seth Rogen, ‘What better way to celebrate achievements in film than to NOT publicly honor the people whose job it is to literally film things.’”

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