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While Ben Affleck was busy taking home the Best Picture award for Argo Sunday night, studio executives at News Corp.'s (NASDAQ: FOXA ) 20th Century Fox were busy celebrating four Oscars for Life of Pi, already one of the year's most profitable films thanks to a $584 million worldwide box-office haul on a $120 million production budget.
Every major studio did well. Argo nabbed three Oscars and more than $150 million in gross profit for Time Warner (NYSE: TWX ) while Walt Disney (NYSE: DIS ) took home two Oscars, including Best Actor for Daniel Day-Lewis, and nearly $180 million in gross profit for Lincoln.
Should investors count this year's slate of profitable pictures as an exception, or can high art also make for sustainably high profits in Hollywood? The Motley Fool's Alison Southwick asks Tim Beyers of Motley Fool Rule Breakers and Motley Fool Supernova for his perspective in the following video. Please watch, and then leave a comment to let us know what you think.
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