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No such thing as a 'Best Picture' box office boost

Ben Affleck's Iran hostage drama 'Argo' won the coveted best film Oscar.
Adrian Sanchez-Gonzalez | AFP | Getty Images
Ben Affleck's Iran hostage drama 'Argo' won the coveted best film Oscar.

It's natural to think that a movie that wins the Oscar for Best Picture would mean greater box office success for the film.

The glory and fame surrounding the winner would likely improve box office receipts—especially for a motion picture that's not that well known.

At least that's what filmmakers at Sunday's Academy Awards hope.

However, most of the time, those hopes are not realized. Sure, winning Best Picture is gratifying and adds to a director or producer's resume. And an oft-cited 2001 study from Colby College indicates that Oscar nominations in general (across all categories, beyond Best Picture) appear to help a movie's bottom line. But the Best Picture award itself doesn't necessarily improve things much.

The proof is in the numbers. We've gathered the dollars and cents for the last 10 winners, and they show some surprising results—such as when a nomination can be better than an actual win. (Here are this year's nominees.)

So take a look to see which best film winners got big—and not so big—financial boosts after getting Oscar acclaim.

(Amounts are gross receipts reported by Box Office Mojo)

Entertainment

Television

  • ANCHORAGE, Alaska— A television reporter quit her job on live TV with a big four-letter flourish after revealing she owns a medical marijuana business and intends to press for legalization of recreational pot in Alaska. After reporting on the Alaska Cannabis Club on Sunday night's broadcast, KTVA's Charlo Greene identified herself as the business's owner.

  • Sept 22- Sony Corp said PlayStation TV set-top box, which allows users to access movies and TV episodes from the PlayStation store, will hit stores in the United States and Canada on Oct. 14. Sony is trying to expand its entertainment network services to compete against players like Amazon.com Inc..

  • CNBC's Julia Boorstin MGM has acquired a 55 percent stake in two Mark Burnett firms.