One thing that could
be said about the Academy Awards is that although it is a great honour
for movies to be recognised with awards or nominations, it is not
the best indicator of that film's success in economic terms. Here is the
top 5 Best Picture films that were most outperformed economically by
competitors in that year...
won in 2003 but didn't make nearly the US$920m that The Two Towers
made in cinemas worldwide.
2. 2001 winner A Beautiful Mind
made only about a third of the US$860m that The Fellowship of the
Ring made in cinemas worldwide.
3. American Beauty didn't get near the
US$920m that The Phantom Menace made.
4. E.T. the Extra Terrestrial did much
better than 1982 Oscar winner Gandhi and was good enough to
release again in 2002.
Armageddon made about twice as much as Oscar winner Shakespeare
in Love which won in 1998 and made US$289m.