OSCARS 2024
What do the winners of the Oscars 2024 win? Do they get money? What is the prize for the winners?
Academy Award winners take home the famous Oscars statuette but there are more prizes to go around at the ceremony.
The biggest night of the year in the film industry is just around the corner. The 96th Academy Awards will be held on Sunday 10 March, when movie enthusiasts from around the globe which tune in to see which of their favourite on-screen - and off-screen - stars are rewarded for their work over the last 12 months or so. There are many who aspire to win an award, but there are only 23 to go around.
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Everything you need to know about the 2024 Oscars
Why is there no cash prize for Oscars winners?
The famous Oscars statuette is clearly the most visible prize for winners, but are there any hidden benefits other than prestige? The AMPAS (Academy of Motion Picture Arts and Sciences)’s official guidelines reveals there are.
Winners and nominees alike receive a prize worth around $100,000, but doesn’t come in cash. The Academy states there is “no financial incentive” for winners or nominees, as the award is “based solely on artistic and technical achievement”.
“Their prestige, long acknowledged within the motion picture industry, has grown over the years because the public recognizes the Oscar as an award based solely on artistic and technical achievement and because care has been taken to preserve the integrity of the Oscar symbol,” AMPAS states.
How much is the 2024 “Everyone Wins” gift bag worth? Who gets one?
Although the Academy doesn’t offer a cash reward, it says it “does not wish to restrict the benefits film producers, distributors and exhibitors may derive legitimately from publicity associated with the annual Academy Awards presentation” but that it “desires to equalise these benefits”.
However, Distinctive Assets, a Los Angeles-based marketing company, have been supplying nominees with a gift bag since 2003.
The 2024 “Everyone Wins” bag reportedly contains more than 50 items valued at over $100,000 and includes everything from skincare products and kitchen appliances, to a seven-day wellness retreat in Switzerland.