Journal of Cultural Economics

, Volume 29, Issue 3, pp 159–176 | Cite as

For Oscar Glory Or Oscar Money?

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 

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Copyright information

© Springer Science + Business Media, Inc. 2005

Authors and Affiliations

  1. 1.Institute for Economic ResearchAlbert Ludwigs Universität FreiburgFreiburgGermany

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