ABC notches record sales for Oscar ads

February 19, 2015 11:01 AM

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ABC notched record sales this year of commercial time for Sunday's 87th Annual Academy Awards show.

The price of a 30-second commercial spot during the telecast reached an average of $1.95 million, up 8% from last year, according to people familiar with the sales. The lofty prices could help the network rake in more than $100 million for commercial time during the three-hour show.

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