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Oscar-Winning Movies That Didn’t Make Any Money

Oscar-Winning Movies That Didn’t Make Any Money

Winning an Oscar award can significantly impact the director, writer, and cast members of a film. Since 1929, Academy Awards have been presented to 95 films and over 600 films have received nominations.

Out of all the films that have won an Oscar, the ones that have won the most awards are “Lord of the Rings: The Return of the King,” “Titanic,” and “Ben Hur.” All three of these films have won 11 Oscars.

There are plenty of opportunities for films to win an Academy Award since there are 24 Oscar categories in all. From Best Director to Best Visual Effects, every year, the best films are recognized at the awards ceremony.

While some of the most incredible movies in film history have won multiple Oscars, you may be surprised to find out that not all award-winning films make a lot of money. In fact, there are many films that have won Oscars but actually lost money in the box office.

There are several qualifications a film must meet to win an Oscar, but making a large profit isn’t one of them. That’s why even films that flop in the box office can still be recognized with one of these prestigious awards.

Many of the Oscar-winning movies that didn’t make any money on this list are worth watching, even if they weren’t successful in the box office. If you haven’t seen most of these films, it’s time to add them to your watchlist. (Also See If Villains Was an Oscar Category, These Actors Would Have Won.)

To determine the Oscar-winning movies that didn’t make any money, 24/7 Tempo reviewed data on production budget and box office from film industry site The Numbers. Oscar-winning films were ranked based on the total difference between worldwide box office and production budget, adjusted for inflation. Box office and production budget figures were adjusted for inflation using historical ticket prices from the National Association of Theatre Owners. Data on Oscar wins is from the Academy of Motion Picture Arts and Sciences.

Here is the list of 24 Oscar-winning movies that did not make any money:

24. A Passage to India (1984)

Source: Courtesy of Columbia Pictures
  • Box office loss: $850,855 (inflation-adjusted)
  • Production budget: $75.0 million (inflation-adjusted)
  • Worldwide box office: $74.1 million (inflation-adjusted)
  • Oscar wins: Actress In A Supporting Role, Music (Original Score)

“A Passage to India” is a historical drama about the friendship between an Indian doctor, an English teacher, and an Englishwoman. This film, based in the early 1920s, is full of adventure and includes various themes from friendship to cultural differences. “A Passage to India” ended up being a low-grossing film, but Peggy Ashcroft still won an Oscar for Best Actress in a Supporting Role.

23. Wonder Boys (2000)

Source: Courtesy of Paramount Pictures
  • Box office loss: $-2.7 million (inflation-adjusted)
  • Production budget: $59.5 million (inflation-adjusted)
  • Worldwide box office: $56.8 million (inflation-adjusted)
  • Oscar wins: Music (Original Song)

“Wonder Boys,” a film about an English author and professor who is avoiding his editor, was released in theatres in 2000. The all-star cast of this film included Michael Douglas, Tobey Maguire, Robert Downey Jr., and Katie Holmes. Despite the production budget being close to $60 million, (inflation-adjusted) the film brought in less than that in the worldwide box office.

22. The Young Victoria (2009)

Source: Courtesy of Apparition
  • Box office loss: $-3.8 million (inflation-adjusted)
  • Production budget: $42.7 million (inflation-adjusted)
  • Worldwide box office: $38.9 million (inflation-adjusted)
  • Oscar wins: Costume Design

“The Young Victoria” tells the story of Queen Victoria in her early years as ruler and the beginning of her relationship with Prince Albert. Renowned actress Emily Blunt plays the role of Queen Victoria and Rupert Friend plays Prince Albert. Although “The Young Victoria” only made $38.9 million (inflation-adjusted) in the box office, it did win an Oscar for Best Achievement in Costume Design.

21. The Age of Innocence (1993)

Source: Courtesy of Columbia Pictures
  • Box office loss: $-4.4 million (inflation-adjusted)
  • Production budget: $75.2 million (inflation-adjusted)
  • Worldwide box office: $70.8 million (inflation-adjusted)
  • Oscar wins: Costume Design

Daniel Day-Lewis, Michelle Pfeiffer, and Winona Ryder star in the 1993 romance, “The Age of Innocence.” This film, based on the novel by Edith Wharton, is about a wealthy New York lawyer who falls in love with his fiancée’s cousin. “The Age of Innocence” wasn’t much of a success in the box office, but it did win an Oscar for Best Costume Design.

20. The Producers (1967)

Source: Courtesy of Embassy Pictures
  • Box office loss: $-5.9 million (inflation-adjusted)
  • Production budget: $7.1 million (inflation-adjusted)
  • Worldwide box office: $1.2 million (inflation-adjusted)
  • Oscar wins: Writing (Story And Screenplay–Written Directly For The Screen)

The 1967 film “The Producers,” written by Mel Brooks, is a comedy about a producer who comes up with a plan to make a fortune. Starring Zero Mostel and Gene Wilder, this film won an Academy Award for Best Writing in the category of Story and Screenplay Written Directly for the Screen. The producers spent about $7.1 million (inflation-adjusted) on the film, but it only made about $1.2 million in the box office.

19. The Wolfman (2010)

Source: Courtesy of Universal Pictures
  • Box office loss: $-8.6 million (inflation-adjusted)
  • Production budget: $174.1 million (inflation-adjusted)
  • Worldwide box office: $165.6 million (inflation-adjusted)
  • Oscar wins: Makeup

“The Wolfman” is a fantasty and horror film that was released in 2010 with a production budget of about $174 million. Compared to the production budget, “The Wolfman” didn’t make any money, but it was recognized with an award from the Academy. This film was the 2011 Academy Award Winner for Best Achievement in Makeup.

18. Melvin and Howard (1980)

Source: Courtesy of Universal Pictures
  • Box office loss: $-9.2 million (inflation-adjusted)
  • Production budget: $23.8 million (inflation-adjusted)
  • Worldwide box office: $14.7 million (inflation-adjusted)
  • Oscar wins: Actress In A Supporting Role, Writing (Screenplay Written Directly For The Screen)

“Melvin and Howard” is a film based on Melvin Dummar, who became well-known after claiming he saved Howard Hughes and was left part of his estate. This comedy, released in 1980, starred Paul Le Mat, Jason Robards, Elizabeth Cheshire, and Mary Steenburgen. Despite this film losing over $9 million at the box office, it won two Academy Awards. Mary Steenburgen won Best Actress in a Supporting Role and the film also won Best Writing as a Screenplay Written Directly for the Screen.

17. Bedknobs and Broomsticks (1971)

Source: Courtesy of Buena Vista Distribution Company
  • Box office loss: $-11.8 million (inflation-adjusted)
  • Production budget: $111.0 million (inflation-adjusted)
  • Worldwide box office: $99.2 million (inflation-adjusted)
  • Oscar wins: Special Visual Effects

The magical 1971 film “Bedknobs and Broomsticks” is still a popular film today. Starring Angela Lansbury, David Tomlinson, and Roddy McDowall, this enchanting tale about an apprentice witch named Miss Eglantine Price received 5 award nominations. However, it ended up winning one Oscar for Best Special Visual Effects.

16. Bullets Over Broadway (1994)

Bullets Over Broadway (1994) | John Cusack and Dianne Wiest in Bullets Over Broadway (1994)
Source: Courtesy of Miramax

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  • Box office loss: $-14.9 million (inflation-adjusted)
  • Production budget: $44.9 million (inflation-adjusted)
  • Worldwide box office: $30.0 million (inflation-adjusted)
  • Oscar wins: Actress In A Supporting Role

John Cusack, Dianne Wiest, and Jennifer Tilly starred in the 1994 film “Bullets Over Broadway.” This film is a comedy about a struggling playwright who casts a talentless woman in his latest play because her mobster boyfriend offers to finance the entire show. “Bullets Over Broadway” lost about $14.9 million (infation-adjusted) at the box office. It did win Dianne Wiest an Oscar for Best Actress in a Supporting Role.

15. The Right Stuff (1983)

Source: Courtesy of Warner Bros.
  • Box office loss: $-16.0 million (inflation-adjusted)
  • Production budget: $78.5 million (inflation-adjusted)
  • Worldwide box office: $62.5 million (inflation-adjusted)
  • Oscar wins: Film Editing, Music (Original Score), Sound, Sound Effects Editing

“The Right Stuff” is a 1983 film based on Tom Wolfe’s book about the history of the U.S. Space Program. This film, starring Sam Shepard, Scott Glenn, and Ed Harris, covered the breaking of the sound barrier and included both drama and adventure. “The Right Stuff” ended up winning four Oscars for Best Sound, Film Editing, Sound Effects Editing, and Music.

14. What Dreams May Come (1998)

Source: Courtesy of Polygram Filmed Entertainment
  • Box office loss: $-16.6 million (inflation-adjusted)
  • Production budget: $156.2 million (inflation-adjusted)
  • Worldwide box office: $139.6 million (inflation-adjusted)
  • Oscar wins: Visual Effects

“What Dreams May Come” is a romantic drama that won the 1999 Academy Award for Best Visual Effects. This film had a cast that included Robin Williams and Cuba Gooding Jr., but it didn’t make money in theaters. Even though it wasn’t a hit at the box office, it did win the award for Best Visual Effects and was a nominee for Best Art Direction.

13. The Red Violin (1998)

Source: Courtesy of Odeon Films
  • Box office loss: $-16.7 million (inflation-adjusted)
  • Production budget: $35.2 million (inflation-adjusted)
  • Worldwide box office: $18.5 million (inflation-adjusted)
  • Oscar wins: Music (Original Score)

The film “The Red Violin” follows the history and travels of a Nicolo Bussotti violin that is auctioned off at the beginning of the movie. Throughout the film, the writers Don McKellar and François Girard take the viewer through three centuries with the famous instrument in a dramatic and musical mystery. “The Red Violin” won the 2000 Academy Award for Best Music.

12. Innerspace (1987)

Source: Courtesy of Warner Bros.
  • Box office loss: $-16.8 million (inflation-adjusted)
  • Production budget: $63.3 million (inflation-adjusted)
  • Worldwide box office: $46.4 million (inflation-adjusted)
  • Oscar wins: Visual Effects

Dennis Quad, Martin Short, and Meg Ryan star in the 1987 comedy “Innerspace.” In this film, an experiment goes wrong, leading to a test pilot being shrunk and injected into a store clerk. Despite the all-star cast of this film, it lost over $16 million (inflation-adjusted) at the box office. “Innerspace” did win the Academy Award for Best Visual Effects.

11. The Milagro Beanfield War (1988)

Source: Courtesy of Universal Pictures
  • Box office loss: $-18.2 million (inflation-adjusted)
  • Production budget: $49.0 million (inflation-adjusted)
  • Worldwide box office: $30.8 million (inflation-adjusted)
  • Oscar wins: Music (Original Score)

“The Milagro Beanfield War” is based in the town of Milagro, New Mexico. This 1988 drama directed by Robert Redford tells the story of a small community facing a crisis due to the decisions of politicians and businessmen. “The Milagro Beanfield War” is based on a novel by John Nichols. The film ended up winning an Oscar for Best Music in 1989.

10. Almost Famous (2000)

Source: Courtesy of DreamWorks Distribution
  • Box office loss: $-21.5 million (inflation-adjusted)
  • Production budget: $102.0 million (inflation-adjusted)
  • Worldwide box office: $80.5 million (inflation-adjusted)
  • Oscar wins: Writing (Screenplay Written Directly For The Screen)

“Almost Famous” tells the story of an aspiring rock journalist in the 1970s. This 2000 film starred Kate Hudson, Zooey Deschanel, and Jimmy Fallon. The film suffered a significant loss at the box office. However, it received 103 award nominations and won an Academy Award for Best Writing as a Screenplay Written Directly for the Screen.

9. Marooned (1969)

Source: Courtesy of Columbia Pictures
  • Box office loss: $-23.9 million (inflation-adjusted)
  • Production budget: $51.6 million (inflation-adjusted)
  • Worldwide box office: $27.7 million (inflation-adjusted)
  • Oscar wins: Special Visual Effects

Gregory Peck, Richard Crenna, and David Janssen star in the sci-fi drama “Marooned.” This film, released in 1969, is about three astronauts who end up stranded in space. The film tells the story of the rescue mission launched by NASA. “Marooned” only made a little more than half the production budget, but it did win an Oscar for Best Special Visual Effects.

8. Topsy-Turvy (1999)

Source: Courtesy of USA Films
  • Box office loss: $-25.0 million (inflation-adjusted)
  • Production budget: $36.2 million (inflation-adjusted)
  • Worldwide box office: $11.2 million (inflation-adjusted)
  • Oscar wins: Costume Design, Makeup

Mike Leigh directed the 1999 dramedy “Topsy-Turvey.” This film was set in the 1880s and follows the tale of a partnership between writers Gilbert and Sullivan. The cast for “Topsy-Turvey” included Jim Broadbent, Allan Corduner, and Dexter Fletcher. The film ended up winning two Oscars, one for Best Costume Design and one for Best Makeup.

7. Bird (1988)

Source: Courtesy of Warner Bros.
  • Box office loss: $-27.2 million (inflation-adjusted)
  • Production budget: $32.1 million (inflation-adjusted)
  • Worldwide box office: $4.9 million (inflation-adjusted)
  • Oscar wins: Sound

World renowned director and actor Client Eastwood directed the 1988 film “Bird.” This film is a drama and biography about the jazz musician Charlie “Bird” Parker. The top cast for “Bird” included Forest Whitaker, Diane Venora, and Samuel E. Wright. Although the profit from the worldwide box office was shy of $5 million (inflation-adjusted,) “Bird” won the Academy Award for Best Sound.

6. Ed Wood (1994)

Source: Courtesy of Buena Vista Pictures
  • Box office loss: $-27.3 million (inflation-adjusted)
  • Production budget: $40.4 million (inflation-adjusted)
  • Worldwide box office: $13.1 million (inflation-adjusted)
  • Oscar wins: Actor In A Supporting Role, Makeup

Johnny Depp and Sarah Jessica Parker starred in the 1994 comedy “Ed Wood.” This film was based on the troubled life of movie director Edward D. Wood Jr., who is played by Johnny Depp. The film ended up losing over $27 million (inflation-adjusted) at the box office, but it received two Oscars. One award was given to Martin Landau for Best Actor and the film also won Best Makeup.

5. Blue Sky (1994)

Source: Courtesy of Orion Pictures
  • Box office loss: $-28.6 million (inflation-adjusted)
  • Production budget: $35.9 million (inflation-adjusted)
  • Worldwide box office: $7.4 million (inflation-adjusted)
  • Oscar wins: Actress In A Leading Role

“Blue Sky,” a drama and romance released in 1994 is about a nuclear engineer named Hank Marshall who causes problems because of his stance on nuclear testing. Hank Marshall is played by Tommy Lee Jones and the cast also included Jessica Lange, Powers Boothe, and Chris O’Donnell. Jessica Lange won the Academy Award for Best Actress in a Leading Role in “Bird.”

4. Restoration (1995)

Source: Courtesy of Miramax
  • Box office loss: $-29.3 million (inflation-adjusted)
  • Production budget: $37.9 million (inflation-adjusted)
  • Worldwide box office: $8.6 million (inflation-adjusted)
  • Oscar wins: Art Direction, Costume Design

“Restoration” is a drama based on the story of one of King Charles II’s physicians who was exiled after falling in love with the king’s mistress. This 1995 film starred Robert Downey Jr., Sam Neill, and David Thewlis. “Restoration” ended up losing nearly $30 million (inflation-adjusted) at the box office, but it went on to win two Oscars. The film won an Academy Award for Best Art Direction and Costume Design.

3. The Ghost and the Darkness (1996)

Source: Courtesy of Paramount Pictures
  • Box office loss: $-34.1 million (inflation-adjusted)
  • Production budget: $114.0 million (inflation-adjusted)
  • Worldwide box office: $79.9 million (inflation-adjusted)
  • Oscar wins: Sound Effects Editing

Michael Douglas, Val Kilmer, and Tom Wilkinson starred in the 1996 film “The Ghost and the Darkness.” This thriller directed by Stephen Hopkins is a fictional telling of the Tsavo man-eaters, a pair of lions that killed many of the workers on the Kenya-Uganda Railway in the late 1800s. “The Ghost and the Darkness” was the 1997 Academy Award winner for Best Sound Effects Editing.

2. The Abyss (1989)

Source: Courtesy of Twentieth Century Fox
  • Box office loss: $-36.2 million (inflation-adjusted)
  • Production budget: $160.7 million (inflation-adjusted)
  • Worldwide box office: $124.5 million (inflation-adjusted)
  • Oscar wins: Visual Effects

James Cameron directed the 1989 drama “The Abyss.” This drama and mystery film starred Ed Harris, Mary Elizabeth Mastrantonio, and Michael Biehn. “The Abyss” tells the story of a diving team sent to search for a lost nuclear sub. This film was a loss at the box office, however, it won the Oscar for Best Visual Effects and was a nominee for Best Cinematography, Set Direction, and Sound.

1. The Alamo (1960)

Source: Courtesy of United Artists
  • Box office loss: $-45.1 million (inflation-adjusted)
  • Production budget: $132.1 million (inflation-adjusted)
  • Worldwide box office: $87.0 million (inflation-adjusted)
  • Oscar wins: Sound

“The Alamo,” a John Wayne film, was released in 1960. This film follows the story of a group of soldiers who fight in the Battle of the Alamo. Full of drama and adventure, this historical film starred John Wayne, Richard Widmark, and Laurence Harvey. Even though “The Alamo” suffered a huge loss at the box office, it went on to win the Oscar for Best Sound. (Here’s The Best Oscar-Winning Movies to Stream for Free This Month.)

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