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Oscars 2020: Everything You Need to Know About This Year's Academy Awards

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The 2020 Oscars telecast is on Sunday, Feb. 9 on ABC at 8:00 p.m. EST/5:00 p.m. PST. For the second year in a row, the Oscars will not have a host.

According to WalletHub, the 2020 Oscars ceremony costs a whopping $44 million. The $16,500 square-foot red carpet alone costs $24,700 and requires around 18 workers to install.

It’s no surprise that the Academy Awards means big money. Hollywood spends over $100 million each year lobbying during awards-season. A 30-second commercial during the Oscars costs $2.6 million or more (though that’s 54% less than the Super Bowl).

Oscars awards can be linked directly to increased income. A Best Picture winner generally sees a $15 million increase in box office sales and a Best Actor/Actress will make 20% more on their next film.

Los Angeles gets an annual economic boost of $130 million from the Oscars.

Netflix had a successful Oscars nomination performance with 10 nominations for “The Irishman.”

The 2020 nominees for Best Picture are:

  • Ford v. Ferrari
  • The Irishman
  • Jojo Rabbit
  • Joker
  • Little Women
  • Marriage Story
  • 1917
  • Once Upon a Time in Hollywood
  • Parasite

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