Do Oscar Wins Mean Box Office Success?

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March 3 (Bloomberg) -- In today's "Single Best Chart," Bloomberg's Scarlet Fu examines the impact that winning a best picture Oscar has at the box office on Bloomberg Television's “Bloomberg Surveillance.” (Source: Bloomberg)

Here is a single best chart.

We've got to do something on the oscars.

Everyone goes up there and being nominated is an honor, they say.

It works the same way for box office receipts.

This is data compiled by box office mojo which takes a look at the revenue taken in from best picture winners.

Over the last 10 years, we are talking about 300 $10 million.

How does that compare to the highest grossing movies overall?

Big difference -- 1/4 of what the highest grossing films raked in which was $1.3 billion.

That is all "transformers?" you got it.

Films that when the oscars don't necessarily win the most money but the nominated does.

I was surprised that after winning best picture, most of these movies only see about a single percentage point rise in sales afterwards.

Did you like e the joke thatllen said about the scenarios?

She got rave reviews.

This text has been automatically generated. It may not be 100% accurate.


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