•The 98th Academy Awards cost a staggering $56.9 million (Rs 477 crore) in 2024, with costs rising annually.
•Major expenses include the live show, red carpet installation ($24,700), and heightened security ($250,000).
•Nominees and host Conan O’Brien receive "Everybody Wins" gift bags valued at $350,000, featuring luxury travel, beauty treatments, and unique items like a custom prenup.
•Celebrities spend millions on red carpet attire and jewelry, with Cate Blanchett's 2014 ensemble costing $18.1 million and Lady Gaga's pendant $30 million.
•Despite the high costs, the Oscars generate significant economic benefits, boosting LA's economy by $170 million and increasing film sales and actor pay.
