Motion Picture Academy Made $54 Million From Oscars in Fiscal 2013

Motion Picture Academy Made $54 Million From Oscars in Fiscal 2013

AMPAS

Organization said that it had raised more than two thirds of the $300 million goal for its Academy Museum fundraising campaign

The Academy of Motion Picture Arts and Sciences on Friday said it made $54 million in net revenue from the Oscars during fiscal 2013.

In an annual report sent to Academy members, the organization noted that the Oscars brought in nearly $94 million in total revenue for the period and cost it nearly $40 million.

The Academy reported $385 million in net assets for the period ending June 30. That represents a 29% increase over the prior fiscal year. The monies includes nearly $41 million in membership dues, income earned from educational and cultural activities and the annual Nicholl screenwriting competition, and general contributions.

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Academy President Cheryl Boone Isaacs also wrote about a new communications strategy to unify the Academy's global brand in the report.

“As we expand the scope of our presence around the world,it's more important than ever that the Academy speaks with one voice. So we have implemented a communications strategy that includes a new look and logo to convey the importance of our year-round Academy programs. It is designed to help us tell our story in a consistent and easily recognizable way,” Isaacs wrote.

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The report also said that more than two thirds of the $300 million Academy Museum campaign, chaired by Disney's Bob Iger, Annette Bening and Tom Hanks, had been contributed so far, with a goal of opening the museum in 2017.