288561 external_news 1396625635 1475893622 "There is an immense impact for the studios, just as there is for the actors, directors, and to a smaller extent the writers and technical people, all of whom are, unlike during the heyday of the studio system , essentially free agents, constantly bargaining for parts and salaries," said Jay Telotte, professor in the School of Literature, Media, and Communication, on the economics of the Academy Awards. "An award or even a nomination is leverage for both."  Source:  Wallet Hub, February 26, 2014

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