Academy Awards 2013 Economic Impact Study (2014)

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.