Article

Journal of Cultural Economics

, Volume 29, Issue 3, pp 159-176

For Oscar Glory Or Oscar Money?

  • Eva DeuchertAffiliated withInstitute for Economic Research, Albert Ludwigs Universität Freiburg Email author 
  • , Kossi AdjamahAffiliated withInstitute for Economic Research, Albert Ludwigs Universität Freiburg
  • , Florian PaulyAffiliated withInstitute for Economic Research, Albert Ludwigs Universität Freiburg

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Abstract

This paper investigates the effect of Oscar nominations and awards on movies’ financial success by estimating the impact on weekly returns and on movies’ survival time. Our findings suggest that nominations for Oscars generate substantial extra revenues, while winning an award contributes only little to this extra rent.

Keywords

Academy Awards blockbusters motion pictures superstars