The Academy of Motion Picture Arts and Sciences is tightening its belt as it looks toward renegotiating its lucrative TV deal in the next couple of years.
The Academy cut its total expenses by more than 5%, from $220 million to $208 million, according to the 2025 financial statement released on Friday. The organization cut costs on its two largest line items: the Oscars show and the Academy Museum of Motion Pictures.
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“We’ve been looking at our budgets, finding efficiencies, and merging teams,” said Bill Kramer, CEO of the Academy.
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