Academy Awards 2013 Economic Impact Study (2014)

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Micronomics was asked to quantify the economic impact of the 2013 Academy Awards on Los Angeles County. Based on our analysis, we have concluded that this event produced at least $67 million in immediate, identifiable benefits to Los Angeles County, including $1.5 million from out-of-town visitors, $2 million from limousine rentals, $2 million associated with the wardrobe of local female attendees, $26 million spent by the Academy of Motion Picture Arts and Sciences, $6 million associated with the major Oscar parties, and $30 million in multiplier effects, including $2 million in state tax revenue and $1.7 million in local tax revenue.