RE: Not a single “Best Picture” winner of the last 10 years has been a hit film.
DEPENDS ON WHAT YOU MEAN BY “HIT”.
Most of these films actually made money accounting for the budget used to make the film
SOURCE: Wikipedia
BOX OFFICE:
1) Moonlight
Budget $4 million
Box office $65 million
2. Spotlight
Budget $20 million
Box office $92.2 million
3. Birdman
Budget $16.5-18 million
Box office $103.2 million
4. 12 Years a Slave
Budget $17.1 million
Box office $187.7 million
5. Argo
Budget $44.5 million
Box office $232.3 million
6. The Artist
Budget $15 million
Box office $133.4 million
7. The King’s Speech
Budget $15 million
Box office $414.2 million
8. Hurt Locker
Budget $15 million
Box office $49.2 million
9. Slumdog Millionaire
Budget $15 million
Box office $377.9 million
10. No Country for Old Men
NO BUDGET DATA
By money made, I would say that most of the Oscar Best Picture winners the past 10 years were hit films.
If by “hit” you mean top-grossing, I’m glad that’s not a qualification. I don’t care about the Oscars, but I’m glad top-grossing films like “Big Daddy” and “There’s Something About Mary” weren’t up for Best Picture.
By the latter method, a film with a $100K budget that makes $10 million would be the biggest hit of the year. :-)
>> By money made, I would say that most of the Oscar Best Picture winners the past 10 years were hit films. <<
... after the fact. How many tens of millions does it cost to put on the Academy Awards?
First, Moonlight made only $27 million domestically. Plus, It costs about $30 million to “print” movies for distribution. Let’s say Moonlight cost only about $10 million because it was a smaller opening. So that’s a real cost of about $14 million. Then, without a big opening, the theaters it ran in could claim a huge cut. The film-makers will be lucky if they were profitable before the Academy Awards, at which time they had made $22 million. And then to get about $30 million publicity gift from the Academy Awards... and make only about $5 million!
Saving Private Ryan made $26 million when re-released for awards season; Titanic made $28 million after the Academy Awards (it was still hot during the nomination season, but the nomination and win probably were worth about $50 million.) Jerry Maguire added $23 million. Forrest Gump made $33 million (worth over $50 million today.) Schindler’s List made over $50 million. And yes, these are all domestic-only totals.