From Ancient Greece to the Oscars, Acting Prizes Have Always Meant Drama

February 7, 2015 3:14 AM

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From Ancient Greece to the Oscars, Acting Prizes Have Always Meant Drama

Some kind of controversy always seems to surround the Oscars. If it isn’t outrage beforehand over who was snubbed, it is derision afterward about the embarrassing speeches or the taste-challenged outfits that were paraded down the red carpet.

Yet the “Oscar effect” on nominated movies can be transformative. In 2004, a low-key film about a female boxer had earned just $8.5 million. But after being nominated for best picture, “Million Dollar Baby” enjoyed a spectacular resurgence and raked in additional $56.4 million, according to the webs...

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