The 98th Academy Awards Production Costs Total Approximately $56.9 Million

The 98th Academy Awards, held at Los Angeles' Dolby Theatre, cost approximately $56.9 million (Rs 477 crore) to produce, according to WalletHub's 2024 report. This includes events like the nominees' luncheon, Governors Awards, and the Governors Ball, with the largest expense attributed to the globally televised live show. The red carpet installation alone requires 30 rolls of fabric, an 18-person crew, and around 600 hours, costing about $24,700 (Rs 20.4 lakh). Security and other logistical elements also contribute significantly to the overall budget.