Box Office vs. Oscars


The Lord of the Rings: The Return of the King
HOLLYWOOD - When predicting this year’s Best Picture Oscar for your annual office pool—not that we condone gambling—bear in mind the following caveat: the box office is no Oscar psychic!

One of many Oscar myths says that Academy members only nominate the year’s chief breadwinners for Best Picture, choosing the most lucrative among those to take home Oscar bling. History dispels this myth, however, since past winners’ earnings are all over the place, instead of only high. Furthermore, if it were true, then where amongst this year’s noms is Kong? Potter? Narnia? Sith?

Busting this myth doesn’t mean that the mega-blockbusters don’t get love (The Lord of the Rings: The Return of the King of ’03, anyone?), but there appears to be more of a healthy fluctuation than is commonly suspected. This year’s winner will really do a number on the numbers, since none of the nominees will have even eclipsed the $100 million (Oscar) gold standard. In fact, Brokeback Mountain, an indie in spirit and ambition, is the closest of the nominees to that mark, with just over $75 million* in the bank. Furthermore, last year’s winner, Million Dollar Baby, just eked out 100 mil.

As we round the corner for this year’s ceremony (Sunday, March 5), a glimpse into the Oscars’ recent history reveals interesting tidbits about the Best Picture category, some of which may help foretell this year’s outcome. After adjusting box office figures to reflect today’s ticket prices, we looked at the past 20 years to compare each year’s Best Picture winner to that year’s highest grossing movie.

Here’s what we found: after box-office adjustments were made, all but one Best Picture winner (1987’s Last Emperor) grossed at least $100 million; on four occasions (20 percent), the Best Picture winner was also the year’s highest grossing film; the average updated box office gross of Best Picture winners was approximately $224 million, while the average updated box office gross of the highest grossing film from each year (including 2005) was approximately $391 million. In addition, on just five occasions (25 percent) was the year’s highest grosser even nominated. What sense is to be made of all of this? While Best Picture winners are almost certain to rake in the dough, they pale in comparison to the money made on the true blockbusters of years past. Which spawns a whole box office-versus-quality debate, but, darn it, this is box office-versus-Oscars! Speaking of which—Happy Oscars.

Below is the list of Best Picture winners as compared to each year’s highest grossing film, with each film’s box office gross (pre-2004) updated:

*as of Feb. 26

Year

Best Picture Oscar® Winner, Gross Box Office / Adjusted¹ Gross Domestic Box Office
2005

?
2004

Million Dollar Baby
$100,422,786 / $100,422,786
2003

Lord of the Rings:  The Return of the King
$376,853,002 / $388,102,345
2002

Chicago 
$170,684,505 / $182,435,589
2001

A Beautiful Mind
$170,708,996 / $187,297,326
2000

Gladiator 
$187,670,866 / $216,221,906
1999

American Beauty 
$130,058,047 / $158,988,281
1998

Shakespeare in Love  
$100,241,342 / $132,728,914
1997

Titanic
$600,743,440 / $812,770,536
1996

The English Patient 
$78,651,430 / $110,503,479
1995

Braveheart 
$75,545,647 / $107,847,923
1994

Forrest Gump  
$329,168,011 / $489,027,116
1993

Schindler's List  
$96,045,248 / $144,067,872
1992

Unforgiven 
 $100,003,672 / $149,644,048
1991

The Silence of the Lambs  
$130,650,794 / $192,717,679
1990

Dances with Wolves
$184,010,809 / $270,143,528
1989

Driving Miss Daisy  
$105,584,081 / $165,153,277
1988

Rain Man  
$171,188,895 / $258,657,673
1987

The Last Emperor  
$43,020,223 / $68,326,236
1986

Platoon  
$131,755,562 / $220,539,633
1985

Out of Africa 
$83,142,343 / $145,440,5

1Adjusted Gross Domestic Box Office figures are derived based on the total domestic gross of the film, divided by average ticket price in the year of release, multiplied by 2004 average ticket price ($6.21). Average annual ticket prices source: MPAA.

Year

Top Box Office Film's Gross Domestic Box Office / Adjusted¹ Gross Domestic Box Office
2005

Star Wars: Episode III--Revenge of the Sith 
$380,262,555
2004

Shrek 2 
$436,471,036 / $436,471,036
2003

Lord of the Rings:  The Return of the King
$376,853,002 / $388,102,345
2002

Spider-Man
 $403,706,375 / $431,500,273
2001

Harry Potter and the Sorcerer’s Stone
$317,557,891 / $348,415,989
2000

Dr. Seuss’ How the Grinch Stole Christmas 
$260,031,035 / $299,590,487
1999

Star Wars Episode I--The Phantom Menace 
$431,065,444 / $526,952,048
1998

Saving Private Ryan 
$216,119,491 / $286,162,481
1997

Titanic
$600,743,440 / $812,770,536
1996

Independence Day 
$306,169,255 / $430,160,876
1995

Toy Story 
$191,773,049 / $273,772,559
1994

Forrest Gump  
$329,168,011 / $489,027,116
1993

Jurassic Park
$356,748,415 / $535,122,622
1992

Aladdin  
$217,042,825 / $324,779,745
1991

Terminator 2  Judgment Day 
$203,347,436 / $299,949,543
1990

Home Alone 
$281,493,907 / $413,257,012
1989

Batman 
$250,713,403 / $392,173,862
1988

Rain Man  
$171,188,895 / $258,657,673
1987

Three Men and a Baby 
$167,780,960 / $266,475,642
1986

Top Gun 
$176,650,237 / $295,686,784
1985

Back to the Future  
$200,785,744 / $351,233,653

1Adjusted Gross Domestic Box Office figures are derived based on the total domestic gross of the film, divided by average ticket price in the year of release, multiplied by 2004 average ticket price ($6.21). Average annual ticket prices source: MPAA.


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