It\u2019s called Hollywood\u2019s biggest night \u2014 the 98th Academy Awards ceremony is underway. Tonight is when Hollywood\u2019s best is being awarded in various categories.<\/p>\n
However, the Oscars aren\u2019t just about cinematic excellence. Hollywood stars have also sashayed in their fashionable best on the red carpet before the big event. Moreover, it is well-known that the Oscars represent the glitz and glamour of Hollywood, but the amount of money spent on the event might surprise you.<\/p>\n
Glitz and glamour galore<\/h2>\n
Each year, the Oscars are held at the The hefty price tag of the event includes activities such as the nominees\u2019 luncheon, the Governors awards, and the Governors Ball, the Oscars\u2019 official after party. However, the biggest chunk is spent on the live show that is telecast across the world.<\/p>\n It is unknown what is the cost of using the Dolby Theatre. However, it is believed that it is part of a complex deal linked to Dolby\u2019s naming rights to the theatre, but the Academy has a 20-year agreement.<\/p>\n A huge chunk of the total cost of the event actually goes towards the red carpet. And, we aren\u2019t talking about the million-dollar ensembles that the invitees adorn, but the installation of it all. As per reports, it takes 30 rolls of carpet and an 18-person crew to install it over a span of 600 hours. This effort costs the Academy $24,700 (Rs 20.43 lakh).<\/p>\n Then comes the security at the event. Top-notch security is required to ensure that no untoward event occurs at the Dolby Theatre. This year, the There are other expenses too; the printing of the nominee cards, which in 2017 cost the Academy $10,000 (Rs 9.25 lakh) for 48 cards. There\u2019s also the Apart from all of this, the Academy also has to fork out money to the host of the event. This year, comedian and TV host Conan O\u2019Brien will return to emcee the festivities.<\/p>\n While there\u2019s no official dollar amount that\u2019s been revealed to the public, based on previous hosts\u2019 comments about salary, it\u2019s likely Conan O\u2019Brien will get paid around $15,000 (Rs 13.8 lakh) to host the 2026 Oscars.<\/p>\n In the past, Oscar host Jimmy Kimmel has revealed that he was paid $150,000 to host the Oscars. \u201cYou know it probably sounds like a lot for one night, but it\u2019s months of work leading up to it. You\u2019re getting robbed,\u201d he was quoted as saying.<\/p>\n
\nDolby Theatre<\/a> in Los Angeles, and it comes with a very hefty price tag. In fact, according to WalletHub\u2019s 2024 report, the event costs a whopping $56.9 million (Rs 477 crore). Unsurprisingly, this cost increases every year; for instance, in 2017, the cost of the Academy Awards was $44 million and in 2022, it was $56.8 (Rs 450 crore) million.<\/p>\nA man vacuums an empty red carpet at the Dolby Theatre in Los Angeles, the night before the 98th Academy Awards ceremony. AP<\/b><\/p>\n
\nsecurity has been tightened<\/a> not only because of a war with Iran, but also a recent shooting at a university in Virginia and an attack on a synagogue in Michigan. Authorities have set up a one-mile security perimeter around the Dolby Theatre for the celebration. Federal and local agencies working with the Joint Terrorism Task Force are monitoring social media and gathering intelligence to prevent any security risks. And Los Angeles Police Department SWAT, bomb squad and snipers will be in the area, law enforcement sources told The Times. This sense of safety doesn\u2019t come cheap however. The cost of security is pegged around $250,000 (Rs 2.31 crore).<\/p>\n
\ngolden statuette<\/a> that each winner receives. Coated in 24-carat gold, it costs $400 (Rs 37,000) to make, but its legal sale price is only $1 (Rs 92).<\/p>\nA security guard stands at an entrance for the 98th annual Academy Awards ceremony in Los Angeles, California. Reuters<\/b><\/p>\n
Your host of the night is\u2026<\/h2>\n
A drone view shows a large billboard sign featuring this year\u2019s Oscar host Conan O\u2019Brien towering over Hollywood Boulevard in Los Angeles, California. Reuters<\/b><\/p>\n
A spread fit for actors<\/h2>\n