I can't think of anything a more pathetic event than the hollywood crowd spending millions on a single evening and pretending that they think America cares about what they wear or what they think about the movies, Oscars = waste of time and money.
Well if ratings are an indication, the Oscars are among the highest rated TV shows of the year as a general rule. And Oscar winning films always experience a bump at the Box Office. The last Best Picture winner that an really be called a flop was The Last Emperor.