Oscarnomics: What It Costs to Create the Academy Awards ExtravaganzaThe Hollywood Reporter came out with a cost break down for all Oscar related events and the actual show production costs. The Academy Awards Show: Last Year’s Cost: $21.8 million Producers’ honorarium: $100,000-plus Host’s fee: $15,000-$25,000 Oscar statuettes: $45,000 (Individual Statues cost $900.00 each) Security: $250,000 Singers: $14,000-plus Adele and Norah Jones receive a minimum of $3,500 to perform nominated songs; union rates for other numbers start at $2,400 for soloists like Barbra Streisand and $5,000 for groups like the Les Mis ensemble. The set: Less than $1 million Winners’ envelopes: $10,000 The red carpet: $25,000 Unaffiliated L.A.-based Red Carpet Systems quotes $1.50 per square foot for the priceless experience of walking the world’s most famous crimson corridor, which is 500 feet long and 33 feet wide. OTHER: $11.1 million Oscar-related activities include nominees’ events and legal expenses. Membership screenings: $250,000-plus The Academy’s year-round calendar includes events and screenings in L.A., New York and London for all the Oscar-nominated films. Nominees Luncheon: $260,000 Copyright/trademark protection: $1.5 million The Academy pays about $1.5 million in annual legal expenses, some of which was spent this year on a lawsuit against domain registrar GoDaddy. Governors Awards: $865,000 Sci-Tech Awards: $432,000 GOVERNORS BALL: $1.8 million Thanks to vendor deals, event planner Sequoia Productions spends up to four-fifths less than the estimated retail value of the items below. Sterling Vineyards wine: $58,000 The Napa winery is providing 540 bottles each of its 2007 Reserve Cabernet Sauvignon (retail $75) and its 2009 Reserve Chardonnay ($33), which took 1.8 million grapes to create. Thienot Champagne: $87,000 The relatively obscure brand will make its Oscar debut at the Governors Ball with Thienot Brut ($40) at the preshow reception, followed by Thienot Rosé ($66) and the Thienot Vintage 2005 ($50). White truffles: $34,800 The creme de la creme of the prized delicacy hails from Alba, Italy, and Wolfgang Puck is using 10 pounds of the stuff for his chestnut tortellini, among other dishes. Rakuten.com offers 4 ounces for $870. Snake River Farms steak: $25,300 The Idaho-based purveyor’s website sells two 10-ounce New York strip steaks for $79. Puck has ordered 400 pounds, which he will serve with Japanese matsutake mushrooms ($45 a pound). Chocolate: $20,000 From “pop rock” pops to gold-dusted Oscars, there’s no shortage of the guilty pleasure on pastry chef Sherry Yard’s menu, which will use 1,000 pounds of Guittard bittersweet chocolate ($30 for a dozen two-ounce bars). Decor: $100,000-plus Lux Lounge EFR is creating 423 lounge pieces, which will be covered in 1,935 yards of fabric from Resource One. Custom glass cocktail tables will feature blooms from Mark’s Garden sprouting from the pedestal. Chandelier: $1 million The grand centerpiece of this year’s ball is a custom-designed 120-by-70-foot six-tier fixture, composed of 1.78 million beads and 18,000 LED points of light. It will be available to rent after the party. Event staff: $240,000 To accommodate the 1,500 VIP guests, at least 1,000 personnel (including 350 culinary staff in uniforms designed by ball chair Jeffrey Kurland) will be on hand, working about 12 hours at an average of $20 an hour. Total of Everything: $31.569 million.

Posted: February 21, 2013 in Movies

Oscars 2013 Primer

The Hollywood Reporter came out with a cost break down for all Oscar related events and the actual show production costs.

The Academy Awards Show:  Last Year’s Cost: $21.8 million

Producers’ honorarium: $100,000-plus

Host’s fee: $15,000-$25,000

Oscar statuettes: $45,000 (Individual Statues cost $900.00 each)

Security: $250,000

Singers: $14,000-plus
Adele and Norah Jones receive a minimum of $3,500 to perform nominated songs; union rates for other numbers start at $2,400 for soloists like Barbra Streisand and $5,000 for groups like the Les Mis ensemble.

The set: Less than $1 million

Winners’ envelopes: $10,000

The red carpet: $25,000
Unaffiliated L.A.-based Red Carpet Systems quotes $1.50 per square foot for the priceless experience of walking the world’s most famous crimson corridor, which is 500 feet long and 33 feet wide.

OTHER:
$11.1 million

Oscar-related activities include nominees’ events and legal expenses.

Membership screenings: $250,000-plus
The Academy’s year-round calendar includes events and screenings in L.A., New York and London for all the Oscar-nominated films.

Nominees Luncheon: $260,000

Copyright/trademark protection: $1.5 million
The Academy pays about $1.5 million in annual legal expenses, some of which was spent this year on a lawsuit against domain registrar GoDaddy.

Governors Awards: $865,000

Sci-Tech Awards: $432,000 
GOVERNORS BALL: $1.8 million
Thanks to vendor deals, event planner Sequoia Productions spends up to four-fifths less than the estimated retail value of the items below.

Sterling Vineyards wine: $58,000
The Napa winery is providing 540 bottles each of its 2007 Reserve Cabernet Sauvignon (retail $75) and its 2009 Reserve Chardonnay ($33), which took 1.8 million grapes to create.

Thienot Champagne: $87,000
The relatively obscure brand will make its Oscar debut at the Governors Ball with Thienot Brut ($40) at the preshow reception, followed by Thienot Rosé ($66) and the Thienot Vintage 2005 ($50).

White truffles: $34,800
The creme de la creme of the prized delicacy hails from Alba, Italy, and Wolfgang Puck is using 10 pounds of the stuff for his chestnut tortellini, among other dishes. Rakuten.com offers 4 ounces for $870.

Snake River Farms steak: $25,300
The Idaho-based purveyor’s website sells two 10-ounce New York strip steaks for $79. Puck has ordered 400 pounds, which he will serve with Japanese matsutake mushrooms ($45 a pound).

Chocolate: $20,000  From “pop rock” pops to gold-dusted Oscars, there’s no shortage of the guilty pleasure on pastry chef Sherry Yard’s menu, which will use 1,000 pounds of Guittard bittersweet chocolate ($30 for a dozen two-ounce bars).

Decor: $100,000-plus
Lux Lounge EFR is creating 423 lounge pieces, which will be covered in 1,935 yards of fabric from Resource One. Custom glass cocktail tables will feature blooms from Mark’s Garden sprouting from the pedestal.

Chandelier: $1 million 
The grand centerpiece of this year’s ball is a custom-designed 120-by-70-foot six-tier fixture, composed of 1.78 million beads and 18,000 LED points of light. It will be available to rent after the party.

Event staff: $240,000
To accommodate the 1,500 VIP guests, at least 1,000 personnel (including 350 culinary staff in uniforms designed by ball chair Jeffrey Kurland) will be on hand, working about 12 hours at an average of $20 an hour.

Total of Everything:  $31.569 million.

 

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