The really interesting stuff is always in the fine print, especially when it comes to the Academy of Motion Picture Arts and Sciences financials.When the latest numbers popped up in a bond disclosure statement on Christmas Eve, it was easy to brush past the footnotes.
But Note 1 on Page 6, as it turns out, contains an intriguing clue about the fragile economics of the Oscar show, which historically has accounted for about 80 percent of the Academy’s income (with most of the rest coming from investments, plus a separate fund-raising campaign for the Academy Museum).Note 1 tells us that in the fiscal year ended June 30, 2020, long-term contractual guarantees for the Oscar show—mostly, the ABC domestic television contract and a Buena Vista
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