THE 81st Golden Globes will take place in Beverly Hills on Sunday evening. The ceremony takes place for the first time since dissolution of the Hollywood Foreign Press AssociationThe events mired in controversy former organizers. For another year, the glitz and glamor will return to iron out the cracks and bring a return to some sort of normalcy – whatever form that might look like. Hollywood.
In terms of Golden Globe Awards themselves, there is some confusion about what they actually mean and what a victory might lead to. Award-winning actors could get a decent windfall – but not directly from a cash prize, rather the prestige it confers. A Golden Globe generally tends to lead to more work, bigger roles and the possibility of commanding higher fees.
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Do the winners receive money?
Winning a Golden Globe does not confer any immediate monetary gain as there is no cash prize. However, they aren't won for nothing, so winning one award probably means your film is going to win other awards. Great recognition can be achieved by winningleading to increased fame, stardom, and more chances of landing leading roles in other productions.
Actors usually receive a share, albeit a very small percentage, of the revenue from each film, in addition to what they were paid to be in it in the first place. Winning an award is itself a form of promotion: it can convince audiences to go see an acclaimed film, or lead to actors getting a higher percentage of cuts in future films they work on.
Moneynation.com use it example of Oscar Isaac. After winning a Golden Globe in 2014 for Inside Llewyn Davis, in which he won $80,000he made millions from his next two major roles in Ex Machina And Star Wars. This might be incidental as these roles were organized before the awards, but they are a good indicator of how recognition can contribute to a more lucrative career. It's not rocket science, really.
Obviously, this helps less established actors more than famous actors. Eight-time Oscar winner Robert de Niro will not benefit from ever higher rates for his films – even after winning a few Golden Globes at this late stage of his career (Best Actor for furious bull and a Cecil B. DeMille Award for “outstanding contributions to the world of entertainment”).