James Franco and Anne Hathaway hosted this year’s Academy Awards show, but while their youth may have attracted younger viewers, their performance was largely wooden.
James Franco and Anne Hathaway hosted this year’s Academy Awards show, but while their youth may have attracted younger viewers, their performance was largely wooden.
James Franco and Anne Hathaway hosted this year’s Academy Awards show, but while their youth may have attracted younger viewers, their performance was largely wooden.
James Franco and Anne Hathaway hosted this year’s Academy Awards show, but while their youth may have attracted younger viewers, their performance was largely wooden.

Academy award and good-luck charm


Kaleem Aftab
  • English
  • Arabic

As Oscars shows go, this year's gets a pass

Frock horror? Oscars fashion in focus

• "My father always said to me I'd be a late bloomer": the Oscars 2011's top 10 quotes

• In full: And the Oscar winners are

The Oscars 2011: winners, losers, fashion and photos

Colin Firth and Natalie Portman could have another reason for celebrating: winning an Oscar makes you live longer. At least, that's the extraordinary claim being made by Donald Redelmeier, a professor of medicine at the University of Toronto, who says that, on average, Oscar winners live for four years longer than mere nominees. Win twice and you add half a dozen years to your life expectancy.

That's even more good news for the pair, who picked up the Best Actor and Actress titles on a regal Sunday night at the Academy Awards in Hollywood. It's just the latest and probably strangest in a long list of reasons why people still get so worked up about the Oscars. But in truth, the main reason that a win is such a big deal is that it will have noticeable benefits for the bottom line - both for the film, and also for the earnings of actors and other individual winners.

The boost doesn't always come from the box office, where a Best Picture win will often have only a negligible impact. The simple reason this is so is that to be eligible for considerations for an Oscar, a film has to be released in the US by December 31, so in many cases, by the time the results are announced most people who are going to see the film will have done so already.

In box office terms, the real benefit for films comes during the five weeks between the nominations and the ceremony. The nominated films all get a big spike, and it's partly for this reason that the Academy decided last year to have 10 nominees up for Best Picture rather than just five. Often the real upside of a win will come in the home entertainment market and in sales to ancillaries such as television.

As with all rules there are exceptions, and Danny Boyle's 2009 Best Picture winner Slumdog Millionaire saw its US takings rise from US$98 million (Dh360m) when it won an February 22 to a very impressive total box office haul of $141m.

Even before the official announcement crowning The King's Speech, Tom Hooper's film was already likely to emerge from the awards season with the biggest benefits. In anticipation of a win, last week The Weinstein Company submitted an edited version of the film, with some of its more colourful language removed, so that it could obtain a PG-13 rating from the Classification and Rating Administration.

A rule requiring a film to be withdrawn from cinemas for 90 days before it can be replaced by an edited version was waived. With more audiences now given easier access to the film, it could be that the loss of one of the best scenes in the movie, one that no doubt helped Firth to win the Best Actor prize, will ensure that the film adds many millions to the $105m it has already grossed in the US. In other territories the movie is likely to open phenomenally, and in the UK it is moving quickly up the list of history's highest-grossing films.

For the stars, it's on the Best Actor and Actress winners that everyone's attention is focused. The career lift seems historically to be greater for men than women, who have to endure talk of the supposed curse of the Best Actress prize.

Pregnant Natalie Portman will no doubt have to put up with weeks of speculation about the trophy's reputation for predicting turmoil at home. Since the turn of the century, several winners have seen their relationships quickly fall apart. The 2001 winner Julia Roberts broke up with Benjamin Bratt soon after winning, Halle Berry and her husband Eric Benet found themselves in the divorce court, a fate that also befell 2005's Million Dollar Baby star Hilary Swank. The 2006 winner, Reese Witherspoon, split up with the actor Ryan Philllippe, while Kate Winslet and the director Sam Mendes parted after her win for The Reader. Last year, the Oscar winner Sandra Bullock's seemingly safe marriage to Jesse James ended weeks after the awards ceremony.

Expecting a baby has meant that Portman, who followed Black Swan with a number of throwaway romantic comedies, hasn't committed to any roles since Oscar talk began in earnest. No doubt her agent is rubbing his hands together because an Oscar nod definitely adds zeros to the pay packet. Some actors will have already signed contracts for their new films where the pay they receive is determined by how well they did at Sunday's ceremony. An Oscar nomination will ensure a far higher payday for an actor.

Firth is scheduled to appear in an adaptation of John le Carré's Tinker, Tailor, Soldier, Spy next. But on Sunday he joked about the win being the apex of his career and other recent winners seem to bear this theory out. Sean Penn's career has dived since Milk, Forest Whitaker has done little of note since The Last King of Scotland, Philip Seymour Hoffman hasn't hit the heights of Capote again, and the same could be said of Jamie Foxx, who won for Ray in 2005, and Adrien Brody, who won in 2002 for The Pianist.

Christian Bale's Best Supporting Actor win marks the completion of his recovery following his unfortunate outburst on the set of Terminator Salvation and his arrest after an altercation with his mother at a London hotel. There has never been any doubt about the Welsh actor's immense talent and the Oscar will hopefully lead to better things than simply more Batman sequels. The Best Supporting Actress for Melissa Leo will be seen as just reward for a career that has until recently been underrated, but with her having reached an age where really good roles for women are hard to come by, it'll be a surprise if she ever wins the Best Actress prize, given the Academy's penchant for youth in that category.

The person who will benefit most from the night is the British director Tom Hooper, who beat The Social Network director David Fincher to the Best Director Oscar. Hooper was best known for his work on television, especially Longford, his film about Myra Hindley. His previous film, The Damned United, performed poorly outside the UK. Post-Oscars, he's now likely to find himself over the next few years helming the type of film usually offered to Ron Howard.

THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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