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On Sunday, March 10, the stars will gather to celebrate it all at the 96th Academy Awards at the Dolby Theatre in Los Angeles.
From the red carpet to the famed statues, WalletHub's annual Oscars report found that honoring the biggest achievements in film comes with a high price tag.
Here's a breakdown of everything it costs to celebrate the movies in true Hollywood fashion, according to the report.
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The 2024 Academy Awards ceremony will cost a whopping $56.9 million.
Leonardo DiCaprio, Camila Morrone, Brie Larson, Brad Pitt, Kathy Bates, and Mahershala Ali sit in the audience during the 92nd Annual Academy Awards in 2020.Handout/Getty Images
The 50,000-square-foot red carpet alone costs $24,700.
A view inside the red carpet arrivals at the 94th Annual Academy Awards on March 27, 2022.Jeff Kravitz/Getty Images
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Each gold-plated Oscar award costs $400.
Ariana DeBose poses with her Oscar for Best Supporting Actress in 2022.P. Lehman/Future Publishing via Getty Images
Couples must pay at least $100,000 for tickets to the Vanity Fair Oscar Party.
Leslie Mann and Judd Apatow attend the 2019 Vanity Fair Oscar Party.Axelle/Bauer-Griffin/Contributor/FilmMagic
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The Oscar goodie bags contain gifts like skincare, luxury getaways, snacks, and appliances and are worth $125,000.
Saline Beach in St. Barts. Oscar nominees are gifted three nights in a private villa on the island.Sergio Pitamitz/VWPics/Universal Images Group via Getty Images
It costs $10 million to complete the look of an A-list actress for the Oscars.
Cate Blanchett poses in the press room at the 86th annual Academy Awards at Dolby Theatre on March 2, 2014.Jason LaVeris/Getty Images
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A 30-second advertisement that premieres during the Oscars costs close to $2 million.
Smiling friends and family watching TV.Maskot/Getty Images
ABC makes at least $120 million in ad revenue on Oscar Sunday.
ABC Television headquarters at The Walt Disney Company studio lot in Burbank, California.AaronP/Bauer-Griffin/Getty Images
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Hollywood spends upwards of $100 million on awards-season lobbying.
America Ferrera, Margot Robbie, and Ryan Gosling attend the European premiere of "Barbie" in London.Wiktor Szymanowicz/Anadolu Agency via Getty Images
It costs $20,000 to stream one film for voters to judge.
Colman Domingo is nominated for his role in "Rustin," a film distributed by streaming giant, Netflix.Astrid Stawiarz/Stringer/Getty Images for Netflix