Before composer Ludwig Göransson even received his engraved Academy Award for winning best original score in 2019 for“The next day after the Oscars, I got the call from Christopher Nolan’s people saying that Chris wanted to hire him on his next movie,While receiving any award is good for the ego and the mantelpiece, the Oscar is seen as the pinnacle for composers — and most likely to yield the biggest financial payoff.
The benefits aren’t always as tangible, but a win can provide an agent with “ammunition,” says WME’s Newman. “It gives us the opportunity to say, ‘Hey, my guy won the Oscar, and his price has gone up.’ It’s an excuse to call people about your client.” Since scoring fees are negotiable and vary greatly depending on a film’s budget and the composer’s reputation, Engel says it’s impossible to assign a dollar value to a win. However, an Oscar victory can drive up the demand for a composer, and since “there’s only so many films a year a composer can do, those fees have to be at a certain level, because a film is taking up a very precious amount of time,” she says.
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