The most glamorous night in Los Angeles is almost here! The Academy Awards are ready to honor the best of international cinema, where a large number of celebrities will parade down the red carpet. But have you ever wondered how much the Oscars costs?
Celebrating the most important cinema gala involves more than just logistics; it requires a significant investment to ensure everything (from the carpet, lights, sound, set design, and more) looks as magnificent as it should: a world-class event.
How much do the Oscars cost?
According to reports from the Academy of Motion Picture Arts and Sciences, the organization behind the Oscars has a total cost that exceeds 50 million dollars.
In 2024 alone, the production of the awards ceremony had a total cost of 56.9 million dollars, covering expenses for logistics, technical aspects, production, rental, catering, security, and even the luxurious red carpet where all the celebrities walk.
Last year, the red carpet alone was valued at 24,700 million dollars. Its installation required 300 rolls of carpet, which were laid by 18 workers in approximately 600 hours.
READ ALSO Jimmy John’s launches 3 new sandwiches; so you can get one for free
How much does the Oscar statue cost?
Each Oscar statue is coated in 24-carat gold, and its production costs about 400 dollars; however, its legal sale price is only 1 dollar.
Which artist has worn the most expensive item at the Oscars?
The looks of the nominees for the Academy Awards are not just anything. The outfits can have astronomical prices, reaching multimillion-dollar sums. After all, these are the Oscars, and no one wants to show up wearing just any outfit.
While a simple dress might cost around 220,000 dollars, some wear garments valued over 100,000 dollars. In Oscar history, the artist who wore the most expensive jewelry on the red carpet is Lady Gaga, who, in 2019, wore a 128-carat yellow diamond necklace from Tiffany & Co.
How was the first Oscar gala?
The Oscars have not always been as glamorous as they are now. The first awards ceremony, which had only 12 categories, was held at a private dinner at the Hollywood Roosevelt Hotel in Los Angeles. There were only 270 guests, it was not televised, and it lasted just 15 minutes.
When will the 2025 Oscars be held?
The 97th edition of the Academy Awards will take place on Sunday, March 2, at the Dolby Theatre in Ovation Hollywood.
Where will the 2025 Oscars be broadcast?
The awards ceremony will be broadcast live on ABC and will also be available on Hulu.
What is the Academy of Motion Picture Arts and Sciences?
The Academy of Motion Picture Arts and Sciences brings together more than 10,500 artists and leading figures from the global film industry. Its mission is to recognize and celebrate all aspects of the arts and sciences of cinema, highlighting exceptional achievements through prestigious awards, such as the Oscars.
With the largest film-related collection in the world, the Academy leads the way in the conservation, preservation, and exhibition of film-related objects and materials. Through its Academy Museum of Motion Pictures, it organizes powerful exhibits, screenings, and programs that explore the past, present, and future of cinema.
Additionally, the Academy is committed to inspiring new talent and creating opportunities for underrepresented communities to connect with the film industry. Through various initiatives, it links global audiences (its members, the film industry, and movie fans) through their shared passion for making and watching films.
