Oscars 2023: Apart From The Glory Of Picking Up Statuette, Here’s What Else The Winners Get At Academy Awards

Oscars 2023: The 95th Academy awards are just around the corner. One of the biggest events in the Hollywood calendar, the glamorous evening will witness a plethora of prominent faces at the Dolby Theatre in Los Angeles. The award function will be hosted by the late-night host and comedian Jimmy Kimmel, his third appearance on the Oscars stage after years 2017 and 2018.

Oscars, this year is quite special for the countrymen as three Indian films are in the race to bag the coveted trophy in different categories. The films include SS Rajamouli's RRR, All That Breathes, and The Elephant Whisperers. Moreover, RRR's Naatu Naatu singers Rahul Sipligunj and Kaala Bhairava will also perform on the Oscars stage this year.

So, as we anticipate the big win of nominees, here's a look at what the prize money that winners get along with the golden statuette.

How Much Prize Money Does A Oscar Winner Get?

Well, to note there is no direct cash prize for winning an Oscar. However, there are significant benefits in other ways. The winners need to wait until they sign their next film to see the cash benefit of winning the prestigious award.

In what is termed as the 'Oscar Effect', winners are sought after by the directors and film makers, and the actor's get an estimated boost of 20% in their paycheques. The audience is keener on watching an Oscar-winning actor on screen, and this effect last for several films and sometimes the entire career.

Another raise in earnings comes for the nominated films themselves, with just a mention being enough to see the paying public hunt out the movie.

As per reports the winners and nominees are also presented with a goodie bag containing thousands of dollars' worth of merchandise. However, it can't be sold out to increase the bank account balances. As per the Academy regulations, "award recipients shall not sell or otherwise dispose of the Oscar statuette, nor authorize it to be sold or disposed of by operation of law unless they first propose to sell it to the Academy for the sum of $1.00."