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How Much Does Winning An Oscar Cost?

Photo credit: Bigstock

Photo credit: Bigstock

A total of 6,000 members of the Academy of Motion Picture Arts and Sciences decide which film will get the prestigious award every year, the Oscar.

Studios spend insane amounts of money to try and influence the members of the Academy by campaigning for their films, actors and other crew members responsible for making a motion picture project a reality.

It is estimated that big studios shell out anywhere between $100 million to $500 million in a single year to get noticed, nominated, but not necessarily win an academy award.

These figures are mostly kept secret to maintain the mystery and anticipation of Oscar night, however Stephen Follows, film producer and blogger, has recently revealed the shocking amounts of money that are required to be in the Oscar race.

Although bribing the members of the Academy is strictly forbidden, there are numerous other ways to influence their opinion. Follows puts the price of winning in the best picture category at around $10 million, with most of the money going towards advertising, media, and publicists.