Box Office Oscar
02/28/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, Oscar bump, politics and economics, Public speaking economist, Winning an Oscar
The Friday File: Academy Awards boost ticket sales two ways; the “nomination effect” and the “winner effect”. While Ocsar winners sell more tickets than movies that are only nominated, most of the difference occurs before the awards ceremonies. Thus ticket sales between the nominations and the awards can be used to predict winners. That said, after winning best picture, ticket sales on average jump $14 million, best actor/actress $2 million.