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Michael Cieply: Why Official Oscar Night Fun Doesn’t Come Cheap
At $500 per couple, for tacos and sponsored wine, the film Academy's Oscar night party will raise some cash.
For the arithmetically challenged, that’s $500 per couple, in exchange for which you get hors d’oeuvres and tacos, complimentary wine from European Oscar sponsors Clarendelle and Domaine Clarence Dillon (many of whose bottles are modestly priced), access to the museum galleries and store, and a shot at unreserved seating wherever. But it’s worth another look at the numbers, if only as a reminder that the ratings-challenged Oscar ceremony—which currently nets something like $87 million a year after expenses, mostly from broadcast contracts set to expire in 2028—is a somewhat fragile support for a burden that gotten much heavier since the museum opened in late 2021. To put things in perspective, that’s almost double the $32.2 million in contributions collected by the Motion Picture and Television Fund, a venerable Hollywood charity, in 2022, according to its latest available tax filing.
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