by the pandemic. But the organization that runs Hollywood’s most prestigious awards ceremony is on solid financial ground, with a growing collection of assets approaching $1 billion, according to the academy and its affiliates’ consolidated financial statements.
Most people know the Academy of Motion Picture Arts and Sciences for staging the Oscars. Thanks to some savvy investing and consistent annual revenue, the academy is also a wealthy nonprofit with influence extending far beyond one red-carpet event. Sagging ratings haven’t hurt the revenues Ampas generates through its lucrative U.S. and international TV deals. The Oscars airs in more than 200 countries.$131.9 million
Ampas’s annual awards revenues reached $131.9 million in 2020, capping a decade of robust growth anchored by its huge TV deals. The academy’s assets grew by more than $30 million last year. It posted $82.7 million in revenues in 2010.the academy signed with ABC runs through 2028, which even with depressed ratings should keep dollars flowing in the door.
Ampas generally earns more than enough revenue to cover expenses. In 2020, the academy earned $32.7 million after expenses, according to the academy and its affiliates’ consolidated financial statements.Ampas boasted net assets of $789.2 million as of 2020. That’s due in large part to its success reinvesting excess capital. The value of its investment portfolio has more than tripled in about 10 years. Its investments, which include holdings in mutual and hedge funds, increased to $635.
The Oscars are the apotheosis of stupidity. All they care about is the race or the sexual disfunction of the protagonists to be awarded.
get woke go broke
Decline interest is a consequence of social media accessibility. Gone are the days when we waited for Oscars to see our favorite celebs!
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