Revenue Rises, but Investment Losses Hit Film Academy Bottom Line
The Academy Museum also brought in earned revenue of $23.6 million from its October launch through the end of June.
This year’s Academy Awards broadcast on ABC saw its TV ratings rise considerably from 2021, and financial statements from the Academy of Motion Picture Arts & Sciences show that revenue from the event also rose year-over-year.
Revenue from the Academy Awards and “related activities” was $137.1 million in fiscal 2022 (which ended June 30), up nearly $20 million from 2021, when it had revenue of $117.7 million. The Academy’s deal with ABC and Buena Vista International (which handles international sales) is built around fixed license fees as well as sales or usage-based royalties (which would benefit from improved ratings and advertising sales), a possible source of the jump in revenue.
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