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Academy Cuts Costs Amid Declining Museum Revenue

12/5/2025

34 5 Full Breakdown

Summary

Story summary

The Academy of Motion Picture Arts and Sciences reduced expenses from $220 million to $208 million, a drop of more than 5%, as it renegotiates its TV deal.
Cost cuts target the Oscars and the Academy Museum.
The American Broadcasting Company (ABC) broadcast contract remains the Academy's main income source through 2028, worth $435 million.
The museum's revenue has fallen to $14.9 million since its 2021 opening, with the decline slowing.

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Story summary

The Academy of Motion Picture Arts and Sciences reduced expenses from $220 million to $208 million, a drop of more than 5%, as it renegotiates its TV deal.
Cost cuts target the Oscars and the Academy Museum.
The American Broadcasting Company (ABC) broadcast contract remains the Academy's main income source through 2028, worth $435 million.
The museum's revenue has fallen to $14.9 million since its 2021 opening, with the decline slowing.