The Academy of Motion Picture Arts and Sciences got down to business on Tuesday, setting its agenda for the next year in an all-hands meeting with its membership.
\n\nThe official purpose, as noted in the annual virtual meeting’s invite, was to educate roughly 11,000 members “about the Academy’s leadership structure, budget, goals and priorities.”
\n\nThe hourlong huddle was led by Academy president Lynette Howell Taylor and CEO Bill Kramer, Variety can report. It addressed the Academy’s $187 million budget for 2027, conversations surrounding AI and plans for the Oscars to hopefully reach “2 billion people” when the show begins airing on YouTube in 2029. Here are some key takeaways from the call.
\n\nThe academy has set a budget of $187 million for the time period running July 1, 2026 to June 30, 2027. Awards expenses — including the production of the Oscars show, the nominees luncheon and dinners and more — account for 23% of the budget. Five % goes to bond repayment, with Academy programs and operations accounting for 12%. Foundation operations account for 19%, including museum exhibitions and screenings, education and talent development programs and the Academy collection. Personnel expenses across programs account for 41%.
\n\n“Diversifying our revenue…
Original source: https://variety.com/v/tv/