Sunday, March 26, 2023

The Oscar box office bump is shrinking

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  • Hollywood’s evolving release calendar and a reliance on streaming have weighed on the once-important Oscar box office bump.
  • Since the nominations were announced in late January, the 10 best picture nominees added $82 million in domestic box office sales, $71 million of which came from “Avatar: The Way of Water.”
  • Best picture nominations have boosted demand on the streaming side, however.
  • The Academy Awards ceremony is scheduled for Sunday night.

This year, all of the best picture nominees saw less than 13% of revenue from post-nomination box office except for one. “Women Talking,” one of the smaller films up for the top award, generated 77% of its revenue after the nominations, or around $3.9 million, according to Comscore data.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC


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