Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Academy of Motion Picture Arts and Sciences CEO Bill Kramer called Disney-ABC an “amazing partner” but said he is “confident that our next deal for the Oscars will be very lucrative” regardless of who secures the rights.
Speaking on a panel at the FT Business of Entertainment Summit, Kramer said he has spearheaded an effort to diversify the Academy’s sources of revenue well beyond TV rights. “Like any healthy organization, we need diverse revenue to sustain our operations,” he said. “So much of the money that comes in is tied to our deal with Disney/ABC for the Oscars telecast.” Since being named CEO in 2022, Kramer said the organization has been “thinking about how we go beyond just being known for the Oscars” and “defining our metric for success beyond one night on linear television.” Newer horizons, he said, include “bringing revenue into the Academy through our museum, which has opened up a lot of philanthropic doors for us”; and “really maximizing our relationships” to drive more year-round interest in events and Academy content.
In 2016, the Academy and Disney-ABC extended their rights deal, which had been due to expire in 2020, for another eight years.
ABC has aired the Oscars since 1976. While the most recent Oscars, held last March, drew a four-year high of 19.5 million viewers, tune-in has diminished markedly since the show’s heyday for various reasons.
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