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Awards shows like the Oscars are doomed

Last year’s Oscar night brought in 18.7 million viewers, a 12% increase but still among the lowest ever. A return to the golden days of the 1990s and 2000s when audiences in excess of 40 million were the norm looks impossible. The 1998 peak of 55.25 million seems a wild fantasy

January 24, 2024 / 09:43 IST
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And the award goes to … TikTok and YouTube. (Source: Bloomberg/Getty Images)

Now that the nominees for the 96th Academy Awards have been announced, ABC network executives will be keeping their fingers crossed for the main event: Oscars night, on March 10. How many people will tune in for one of Hollywood’s biggest nights out?

The nominations will likely draw more attention and commentary than usual, primarily because Greta Gerwig and Margot Robbie, the director and the star of Barbie, the year's top grossing film, were snubbed in the best director and best actress categories. Ironically, that may also be the reason fewer people tune in to the show.

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More than ratings are at stake. The network, owned by Walt Disney Co, is expected to clear its ad inventory for the glamor event. But it dropped prices to sell out last year’s show, and advertisers will be watching the viewership numbers of other awards shows to decide how to apportion their spending.

Even before the nominations were announced, the portents for the Oscars were mixed, at best. The Golden Globes show earlier this month drew 9.4 million TV viewers, up 50 percent from last year, but it was still the fourth-worst of all time. Last week, the Emmy Awards were watched by just 4.3 million, the lowest number ever.