So, you’ve received an Oscar – large congrats. However right here’s the twist: no money prize. That golden statue doesn’t include a paycheck. Nevertheless, it opens large doorways. As Jo Piazza places it, an Oscar win is a “seal of approval” on your model, making studios desirous to pay you large bucks. It’s the aftershock that basically boosts the payday.
The stats don’t lie. Between 2009 and 2014, Finest Image winners noticed their field workplace numbers go from $35.2 million earlier than nominations to $17.9 million after successful. Not a foul return on a $17 million funding. However what does that imply for the celebs? You guessed it: money. Actual money. For some actors, the Oscar bump is the distinction between incomes a stable paycheck and skyrocketing to the highest.
Let’s take Hilary Swank, for instance. In keeping with Lad Bible, she earned $3,000 for Boys Don’t Cry (yikes), however after grabbing her Oscar, her asking value jumped to over $1 million. Halle Berry had an identical glow-up after successful for Monster’s Ball, going from $118K+ per position to a cool $6.5 million. Speak about an improve.
However what in regards to the large stars like Leonardo DiCaprio and Joaquin Phoenix? The Oscar’s affect is much less about ranging from scratch and extra about solidifying their A-list standing. DiCaprio was already pulling in $25 million for The Wolf of Wall Road, so his win for The Revenant didn’t precisely make him a billionaire in a single day. Nevertheless, Joaquin Phoenix’s Oscar for Joker is one other story. His $4.5 million paycheck for the primary movie skyrocketed to $20 million for the sequel. That Oscar didn’t harm!
After all, it’s not simply in regards to the actor cashing in—studios know that an Oscar win is a killer advertising and marketing instrument. “When an actor is acknowledged for successful an Oscar, it turns into an unique and invaluable advertising and marketing hook for studios,” says Eric Schiffer, CEO of Reputational Administration Consultants. Translation? The Oscar isn’t only a private win; it’s the last word sellable asset.
The query isn’t “How a lot cash do actors make from successful an Oscar?” It’s actually, “How a lot cash does an Oscar assist them make after they win?” Positive, there’s no money in that envelope, however the future paydays are actual. Who’s going to money on this 12 months? We’ll discover out quickly sufficient. However one factor’s for certain—Will Smith received’t see one other Oscar bonus quickly. He’s already had his second… and everyone knows how that went.
For extra such tales, take a look at Hollywood Information
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