Will Smith Jada Pinkett Smith show awards Oscar Will Smith Jada Pinkett Smith

Academy CEO Bill Kramer Promises to Use Oscar Rules to Support Movie Theaters

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Film Independent Spirit Awards recently introduced: “We are conducting due diligence … to see what that could look like, but there’s no plan right now to activate that.” • He noted how AMPAS’ finances had changed by the $40 million he said the Academy Museum has brought in over the last year: “The Academy Award and all of the contracts that surround the Oscars show used to bring in about 95% of our annual income before we opened the museum and created a very robust advancement department tasked with bringing in diversified streams of revenue,” he said. “All the contracts around the Academy Awards now bring in 70% of our income.” • He also sidestepped a question about whether the next Oscars show would address “the slap,” the shocking moment on this year’s show in which Will Smith walked onto the stage and slapped host Chris Rock over a joke Rock told about Smith’s wife, Jada Pinkett Smith. “We want to move forward and have an Oscars that celebrates cinema,” he said. “That’s our focus right now.

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