Washington, March 1 ANI | 2 years ago

The annual report of Academy of Motion Pictures Arts and Sciences has revealed that the organisation made 93.7 million dollars in revenue during 2013's Oscars.

The organization's newly-released report also revealed that the expenses of the Oscar-related activities amounted to 39.8 million dollars.

According to the Hollywood Reporter, 2013's revenue was much higher that 2012's when the Academy earned 103.3 million dollars, while expenses were 88.6 million dollars.

The Academy's net assets grew from 299.5 million dollars to 385.3 million dollars in fiscal year 2013.

(Posted on 01-03-2014)

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