Academy Report: Oscars Brought in $93.7 Million in 2013
The Academy Awards and related Oscar activities brought the Academy of Motion Pictures Arts and Sciences $93.7 million in revenue in 2013, while Oscar–related expenses amounted to $39.7 million. The Academy revealed the numbers in its annual report released Friday.
Overall, the Academy took in $134.4 million in total revenue in 2013 and racked up $97.3 million in expenses. Both those numbers were up over the 2012 figures when revenues amounted to $103.3 million, while expenses were $88.6 million. The increase in unrestricted net assets from continuing operations in 2013 amounted to $37 million in 2013, up from $14.7 million in 2012.
The Academy's net assets grew from $299.5 million in its fiscal year 2012 to $385.3 million in fiscal year 2013.
In her introduction to the report, Cheryl Boone Isaacs, Academy president, cited new accomplishments on the part of the organization such as initiatives on the part of the Science and Technology Council, an increasing international profile and stepped-up activities in the Academy's London office.
"I'm particularly excited about our rapid progress on the Academy Museum," she wrote, saying, "We've made great progress towards our fund-raising goals," adding and "are now well on our way to the opening of the museum in 2017."
The report detailed some of the latest additions to the Academy's collection: The late Shirley Temple and her family contributed artifacts from her career; Harpo Marx's blonde wig and a trunkful of props; and drawings and production designers from designer Michael Woulfe.
The Academy reported that it has received more than $200,000 in donor commitments toward the museum's $300,000 capital campaign. Among its expenses, it reported $4.1 million in museum development costs, down slightly from $4.4 million in 2012. It also reported that it has entered into $24 million in museum development-related contracts. And it listed $48.6 million in temporarily restricted net assets available for the museum, up from $2.9 million in 2012.
Summarizing activities at its archive, the Academy said more than 2,500 tapes were digitized, 51 new prints of features and shorts were struck, and 104 features and shorts were preserved over the past year. Archive acquisitions included 35mm prints of 1942's Now, Voyager and 1992's Bram Stoker's Dracula.
New additions to the library's holdings include Richard D. Zanuck's papers and photographs from Indian director Satyajit Ray.
The Academy also awarded a total of $450,000 in grants to 23 festivals and $325,000 in grants to 27 film-related organizations.
With the 86th Academy Awards right on the horizon, the Academy noted that last year's show, produced by the same producing team of Neil Meron and Craig Zadan reached 41.6 million viewers in the U.S., including an increase of 11 percent in viewers 18-49 years old. It recorded 16.2 million visitors to Oscar.com and the Oscar app, and it credited the Oscars for inspiring 8.9 million tweets on Oscar night.