1. Oscars mean big bucks for winners.
“Oscar winner.” It’s a label that means success, fame and, yes, riches. Nabbing a Best Picture Oscar generally guarantees a film an extra $20-$50 million US in ticket sales. Titanic earned a further $100 million US. According to Variety, a win in any major category will boost a film’s revenues by $11 million US.
Anyone who wins a Best Actor or Actress award is instantly promoted to the “A List” and can exponentially increase their acting fee. It’s rumoured that Hilary Swank upped her asking price from $1 million to $8 million US a picture after winning Best Actress (her second) in 2005 for the aptly named Million Dollar Baby.