The Academy Awards are this Sunday, March 12th. The show celebrates the year’s best achievements in films, having a history that dates back to the year 1929.
Not only is the evening a celebration of movies and entertainment; the Oscars are one of the most prestigious events in the world, having all of the fashion and adornments that that entails.
Wallethub compiled a list of economic facts about the Oscars, ranging from the price of the program itself, to the cost of the evening’s outfits and the impact that an Oscar has on an actor’s paycheck.Oscars 2023: Who are the Latinos that earned nominations this year?Rihanna will perform at the 2023 OscarsThe website reports that this year’s Academy Awards cost around $56.8 million dollars.
While it’s difficult to imagine how one evening can rack up such a large bill, a good reference point is the fact that the red carpet costs $24,700 per 50,000 square feet.
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