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

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
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

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

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
  • Pinterest icon

Latest in

Lucas gestures while sitting.
LawEEOC
The EEOC chair knows gutting diversity reporting will blind the agency to discrimination. She’s doing it anyway.
By Jacqueline MunisMay 28, 2026
1 hour ago
unicorn and gold coins for start up or business concept 3d rendering
Big TechAnthropic
What’s rarer than a unicorn? Anthropic didn’t just join the Series H club, it almost became the first $1 trillion private company ever
By Eva RoytburgMay 28, 2026
1 hour ago
A huge pile of multicolored poker chips.
AIEye on AI
Tokenmaxxing is over. That’s because it never measured what really counts to see ROI from AI
By Jeremy KahnMay 28, 2026
2 hours ago
Federal vs. private student loans: How to choose (and why it matters)
Personal FinanceLoans
Federal vs. private student loans: How to choose (and why it matters)
By Joseph HostetlerMay 28, 2026
2 hours ago
A barista wearing a green apron stands behind the bar and pours a drink into a cup
RetailStarbucks
Starbucks quietly retired its AI agent just months after deployment after it miscounted coffee shop inventories and slowed down baristas
By Sasha RogelbergMay 28, 2026
2 hours ago
A Google engineer is facing federal charges after allegedly using his employer’s confidential data to pocket $1.2 million on Polymarket
Investingfraud
A Google engineer is facing federal charges after allegedly using his employer’s confidential data to pocket $1.2 million on Polymarket
By Marco Quiroz-GutierrezMay 28, 2026
3 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
7 days ago
The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
Environment
The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
By Dorany Pineda, Brittany Peterson and The Associated PressMay 27, 2026
1 day ago
Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
Banking
Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
By Nick LichtenbergMay 27, 2026
1 day ago
Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
Economy
Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
By Tristan BoveMay 27, 2026
1 day ago
Techlash grows in education: 'My daughter went to middle school and was sent home with a screen addiction in her backpack'
North America
Techlash grows in education: 'My daughter went to middle school and was sent home with a screen addiction in her backpack'
By Jocelyn Gecker and The Associated PressMay 26, 2026
2 days ago
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
Success
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
By Preston ForeMay 26, 2026
2 days 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.