How Do 2025’s Oscar Nominees Stack Up After the ‘Barbenheimer’ Box Office Bonanza? | Global News Avenue

Hollywood’s profits in 2024 will be slightly lower than the year before, as reflected in the nominations for the 97th Academy Awards, released Thursday morning.

According to data from Box Office Mojo, the films nominated for this year’s top Oscar for Best Picture have grossed $1.7 billion at the global box office so far, which is only 60% of the total box office of last year’s nominated films.

Granted, some lesser-known films may attract a wider audience if they receive Oscar nominations. For example, the Brazilian film “I’m Still Here” grossed $14 million at the box office, with only 1% of the audience in the United States. And since most Oscar contenders are released as close as possible to the Academy’s voting period, most nominees have little time to attract viewers. For example, A Complete Unknown, the Bob Dylan biopic starring Timothée Chalamet, has taken in $63 million since its December 25 release. box office revenue.

Like last year, the two Best Picture nominees grossed far more than the rest. As of Wednesday, “Dune” and “Wicked” had grossed $715 million and $710 million, respectively, and were the only nominated films to top $100 million. The next highest-grossing nominees were papal drama “Conclave” ($78 million) and Demi Moore-starring body horror film “Material” ($76.5 million).

It’s a small repeat of last year’s awards, when summer blockbusters “Barbie” and “Oppenheimer” took the lead with $1.5 billion and $976 million, respectively. Together, the two films accounted for more than 80% of the $2.9 billion in box office in the Best Picture category.

The pair, affectionately known as Bappenheimers, became a cultural phenomenon, symbolizing in the summer of 2023 the astonishing strength of the American economy. The pair contributed to stadium tours as well as Beyoncé and Taylor Swift Estimated $8.5 billion to U.S. GDP.

Barbie may even have played a role in the rebound in the U.S. IPO market. Greta Gerwig’s blockbuster helped Improve image German shoe manufacturer Birkenstocks (Burke), whose comfortable sandals served as a feminist counterpoint to Barbie’s classic heels in the movie. Later that year, Birkenstock Listed Listed on the New York Stock Exchange with a valuation of $8 billion.

This year’s nominees may not have as profound an impact on the economy, but the promotions can certainly impact business finances. Target(TGT) launched an exclusive collection of Wicked-themed clothing and accessories designed by the film’s Oscar-nominated costume designers in October. Starbucks(gender) has launched two new drinks on its menu inspired by Wicked protagonists Glinda and Elphaba.

Last year, domestic box office totals, including Canada, were nearly $8.6 billion, down slightly from $8.9 billion in 2023 and the first year-over-year decline since the pandemic began. Last year’s release schedule was sparse with simultaneous releases Actors and writers strike This has brought Hollywood to a standstill for much of 2023.