Rate Alert! Rate Alerts Glossary Glossary Help Help
 
  Bankate.com
 
News and Advice Compare Rates Calculators
 
 
- advertisement -

 
Does fame lead to fortune?
Page | 1 | 2 | 3 | 4 |

'That in turn got her to 'Wicked,' and other shows. To be a bigger star, you really have to expand to TV and film."

- advertisement -

Excellent actors who stick to the stage make less, he says.

"Sutton Foster, who was in 'Thoroughly Modern Millie,' got more for 'Little Women.' But ask anyone outside of New York about Sutton Foster and they'll say "Who?"

"But Chenoweth, she's been on 'West Wing' and 'Frasier,' and producers will be willing to pay more because people will know that."

The Tony versus the Oscar
A Tony differs from an Oscar in terms of financial payoff.

"An Oscar will get you more money right away," Seward says. "A Tony, in and of itself, you'll get a bit of a bump in the asking price.

"I would guess it's 5 percent to 10 percent more," he says. "And it also depends on how aggressive your agent is."

Besides moving to the silver screen, Broadway winners can also head to the neon lights of Las Vegas to cash in on a prize, he says.

"Broadway headliners can get $100,000 a week in Vegas," he says. So if you're wondering why Harvey Fierstein is doing "Hairspray" in Las Vegas, that may be why.

Not that theater numbers for stars are awful, but they are much lower.

"For a star in New York, it can be anywhere from a percentage of the show's gross to $20,000 to $30,000 a week and probably more."

Pulitzers and Nobels
Literary awards are not created equal in terms of post-prize sales and dollar impact.

"Big awards usually do sell books, unless it's the Nobel Prize, which usually does not," says Paul Ingram, book buyer at Prairie Lights, the famed independent bookstore in Iowa City, Iowa, that is also the site of the nation's only live radio reading series.

"The Nobel is for the person's entire work, and many people have read all their books," he says.

There's also the matter of the kind of books that win the Nobel Prize.

"Partly because they're European, and partly because they're inadequately translated," Ingram says, not all Nobel winners sell. "And they're often difficult to read or highly politicized, like Elias Canetti."

On the other hand, the Nobel itself is quite lucrative. Winners get 10 million Swedish krona, which is about $1.3 million.

So what does translate into pumped-up sales?

"The Pulitzer and increasingly the Booker Prize," Ingram says. "The Booker Prize has gotten really hot because the publicists for it have made it really, really sexy.

"They have big, flashy parties for it. They announce the short list way in advance so people root for their favorites, and the Nobel doesn't do that. They just award it."

Pulitzers, which pay $10,000, tend to increase interest in and sales of all an author's work, not just the prize-winning book, Ingram says.

Gerald Stern

Dollars for poets
And some notoriously poverty-stricken arenas in the arts do have a few big-money prizes. The Academy of American Poets annually gives the $100,000 Wallace Stevens Award to recognize "outstanding and proven mastery of the art of poetry."

No applications for the Stevens are accepted, but the list of winners is a who's who of the big names. 2005's winner, Gerald Stern, is a leading American poet, and he was preceded by Pulitzer winner Mark Strand, also a famous name.

 
 
Next: A prize doesn't lock anything in
Page | 1 | 2 | 3 | 4 |
 
 RESOURCES
Surviving someone else's success
The money messages in movies
Meet and marry the rich
 TOP STORIES
Life after foreclosure
How to be a savvy credit cardholder
Borrowing terms get better for students

 

Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 6.19%
48 month new car loan 6.51%
1 yr CD 3.67%
Rates may include points
ADVERTISING PARTNERS
RELATED CALCULATORS
  How much life insurance do I need?  
  Calculate your payment on any loan  
  What will it take to save for a goal?  
VIEW ALL  
BASICS SERIES
Begin with personal finance fundamentals:
Auto Loans
Checking
Credit Cards
Debt Consolidation
Insurance
Investing
Home Equity
Mortgages
Student Loans
Taxes
Retirement
SAVE YOUR HOME
Struggling to pay your mortgage? Read this.
- advertisement -


- advertisement -




News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.

All information, links and content contained on this page are presented by bankrate.com at their sole discretion. Investor's Business Daily, Inc., its sister companies and affiliates do not guarantee the accuracy, completeness or usefulness of bankrate.com content, nor are they liable for loss or damage caused by your reliance on information obtained through or provided by bankrate.com.