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film reports 2020

Battered But Not Beaten, The Film Academy Discloses Its FY2020 Finances

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deadline.com
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The Academy of Motion Picture Arts and Sciences was battered, but not quite beaten, by rising expenses, falling investment income, and an increasing debt load in its fiscal year ended June 30, according to a financial report disclosed to bondholders on Thursday.According to the 35-page report, which is posted on the Electronic Municipal Market Access web site, the Academy’s increase in net assets from operations—roughly, the nonprofit equivalent of operating profit—fell by half in the fiscal year, to about $33.8 million from $67.3 million a year earlier.

Revenue from the Oscars edged up slightly, to $131.9 million in 2020 from $131.8 million in 2019. But Oscar-related costs also crept up—to about $42 million from $41.4 million–while net

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film reports 2020
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