• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats

2

Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game

3

Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

1

eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats

2

Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game

3

Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
Netflix

Netflix Spent as Much as $60 Million to Win ‘Roma’ a Best Picture Oscar—and Still Lost

By
Brian Raftery
Brian Raftery
and
Brian Raftery
Brian Raftery
Down Arrow Button Icon
By
Brian Raftery
Brian Raftery
and
Brian Raftery
Brian Raftery
Down Arrow Button Icon
February 25, 2019, 5:55 PM ET
Add Fortune on Google for similar content.

Sunday night’s Academy Awards broadcast wasn’t short on surprises: For starters, the show managed to clock in at under three and a half hours long, a fact that no doubt helped increase its ratings. And there were plenty of twists when it came to the awards themselves, including The Favourite’s Olivia Colman winning Best Actress over Glenn Close, who nearly all the awards-pundits had agreed was a sure thing.

But the night’s biggest shocker may have been the sixties-set drama Green Book taking the Best Picture trophy over Netflix’s black-and-white family-saga Roma. Not only had Roma nabbed statues in the Cinematography, Director, and Foreign Language Film categories earlier in the night, it had widely been considered the front-runner for weeks. That confidence was aided in no small part by the streaming giant itself, which had mounted a lavish multi-million-dollar marketing campaign to sway voters.

On Monday, it became clear just how lavish that effort had been. While previous reports had pegged Netflix’s Roma spending at around $25 million, a new Vulture story claimed the company might actually have shelled out as much as $60 million in its campaign. That’s about four times the cost of Roma‘s production budget, and a remarkably high figure for an awards campaign: In 1998 and 1999, Miramax’s Harvey Weinstein was rumored to have spent as much as $15 million to bring Shakespeare in Love a Best Picture award, a sum that was considered outrageous at the times.

But Netflix has deeper pockets than the major Hollywood studios—as was evident to anyone living in Academy-centric Los Angeles, where signs and billboards for Roma had all but taken over the city in recent months (the company bought its own billboard company last year). And the company’s efforts to win a coveted Best Picture, an achievement that’s eluded all of the major streamers so far, might have actually turned off some voters, according to Vulture. One anonymous Academy member told the publication that some of his or her peers had refused to put Roma too high on the awards’ preferential-vote ballot. The reason? They didn’t want a win for Netflix, a company that’s forced the industry to re-think how movies are distributed and marketed. The company’s success has irked some exhibitors—who want the audiences to go to the theater, not stay on the couch—and worried studio execs, who can now be out-spent and out-maneuvered by a company that, just ten years ago, was sending out DVDs in red envelopes.

The Academy of Motion Picture Arts and Sciences, the body that oversees the Oscars, doesn’t release voting data for the awards, meaning it’s impossible to know just how close Roma came to besting Green Book. Still, despite Netflix not taking home the top prize, don’t expect its awards-spending to die down any time soon. During the Oscars telecast, the streaming company debuted a brief teaser of its next big prestige project: The Irishman, a decades-spanning crime story directed by Martin Scorsese, and starring Robert De Niro, Al Pacino, and Joe Pesci—all past Oscar winners. The movie premieres this fall; expect its awards campaign to begin before the credits can even roll.

 

About the Authors
By Brian Raftery
See full bioRight Arrow Button Icon
By Brian Raftery
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in

Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom
EconomyAsia Agenda
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom
By Nicholas GordonJuly 29, 2026
49 minutes ago
nyse
EnergyMarkets
Dow drops over 1,100 points as sinking tech stocks combine with jumping oil prices to drag markets down
By Stan Choe and The Associated PressJuly 29, 2026
54 minutes ago
Trump, Sam Altman, and Demis Hassibis at the G7.
AIOpenAI
More than 1,200 AI workers across Anthropic, DeepMind, OpenAI, and Meta are asking for Washington’s help building an AI slowdown plan
By Beatrice NolanJuly 29, 2026
57 minutes ago
A television station broadcasts Kevin Warsh, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting as traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, July 29, 2026.
EconomyKevin Warsh
Wall Street is panicking over Kevin Warsh’s patience
By Eva RoytburgJuly 29, 2026
1 hour ago
Best certificates of deposit (CDs) for July 2026
Personal FinanceCertificates of Deposit (CDs)
Best certificates of deposit (CDs) for July 2026
By Glen Luke FlanaganJuly 29, 2026
3 hours ago
Best mortgage lenders of July 2026
Personal Financemortgages
Best mortgage lenders of July 2026
By Glen Luke FlanaganJuly 29, 2026
3 hours ago

Most Popular

eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats
Law
eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats
By The Associated Press and Leah WillinghamJuly 28, 2026
1 day ago
Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
C-Suite
Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
By Sarah GlodekJuly 29, 2026
15 hours ago
Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
Retail
Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
By Sydney LakeJuly 29, 2026
7 hours ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
4 days ago
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
Success
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
By Preston ForeJuly 29, 2026
6 hours ago
Current price of oil as of July 28, 2026
Personal Finance
Current price of oil as of July 28, 2026
By Joseph HostetlerJuly 28, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.