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Why the diversity controversy won't hurt the Academy Awards' bottom line

Why the diversity controversy won't hurt the Academy Awards' bottom line

The lack of diversity among Academy Awards nominees could tarnish the Oscars' image, but the furor is unlikely to cause much financial damage to this year's telecast.

The ABC television network already had sold nearly of all of its commercial time in the show before the controversy erupted. Most advertisers had finalized their commitments in September and October, and so far, none of the advertisers have pulled out of the Feb. 28 broadcast, according to two people close to the award show who asked not to be identified discussing internal matters.

#OscarsSoWhite: Full...

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