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Opera world launches international awards to survive budget cuts

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Isabelle Laskari

Amidst dangerous budget cuts, the opera world has united to conduct its very own international awards in the hopes of raising appreciation for the classic art form.

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As we draw closer to Monday’s Academy Awards ceremony, it becomes more and more clear just how much of a role awards ceremonies can play in contributing to a product’s ultimate success. According to a report by Business Week, the 9 films nominated for Best Picture this year can expect a financial boost of $6.9 million, even if they don’t end up taking home any golden statues, while the film which does win the big one can expect a boost of $18.1 million. Whichever way you look at it: awards pay off.

About the author

Isabelle Laskari is a freelance writer.