Industry insiders weigh in on how much an Oscars win is worth 🏆
Why multiple Oscar nominations are more valuable than a single win.EMAIL ME Illustration by Sébastien Thibault Before composer Ludwig Göransson even received his engraved Academy Award for winning best original score in 2019 for Black Panther , the win was already paying dividends. “The next day after the Oscars, I got the call from Christopher Nolan’s people saying that Chris wanted to hire him on his next movie, Tenet ,” says Amos Newman, Göransson’s agent at WME. While receiving any award is good for the ego and the mantelpiece, the Oscar is seen as the pinnacle for composers — and most likely to yield the biggest financial payoff. “If you’re a recording artist and making records, a Grammy is your Oscar in a way, and it makes a difference in those careers,” says Laura Engel, a partner at Kraft-Engel Management who represents two-time Oscar recipient Alexandre Desplat and four-time nominee Danny Elfman. However, she adds, “I haven’t really felt that a Grammy makes much of a difference in a film composer’s career.” The benefits aren’t always as tangible, but a win can provide an agent with “ammunition,” says WME’s Newman. “It gives us the opportunity to say, ‘Hey, my guy won the Oscar, and his price has gone up.’ It’s an excuse to call people about your client.” Since scoring fees are negotiable and vary greatly depending on a film’s budget and the composer’s reputation, Engel says it’s impossible to assign a dollar value to a win. However, an Oscar victory can drive up the demand for a composer, and since “there’s only so many films a year a composer can do, those fees have to be at a certain level, because a film is taking up a very precious amount of time,” she says. The win can also help reposition musicians not necessarily associated with film. When Read more: billboard
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