Hollywood’s Film Academy Has Gone Global. Can Its Revenue Do The Same?

deadline.com:

Our own Nancy Tartaglione was on hand this week when Bill Kramer, new chief executive of the Academy of Motion Picture Arts and Sciences, set his sights on the whole wide world.“I think our future is as much with international cinema as much as with American cinema,” Kramer said, as reported by Tartaglione, during a discussion of the “Values of Cinema in a Global Society” at the Venice Film Festival.Twenty-five percent of the Academy’s membership now comes from outside the United States.

Fully half of the latest group of new members are deemed international (however that may be defined, in the somewhat borderless realm of cinema).So Hollywood’s film Academy has officially gone global.

If only the Oscar audience—and attendant television revenue—would catch up.By and large, the Academy has concealed the exact split between domestic and foreign revenue for its awards broadcast, which historically accounted for nearly all of the group’s noninvestment income.

It’s not a statistic that appears in the annual financial report.In 2003, when fellow business reporter James Peltz and I tried to compile an exhaustive survey of the Oscar economy for the Los Angeles Times, we could not come up with a number for the Academy’s foreign television income.