The Oscars and Emmys made their broadcasting debut on millions of television screens in the 1950s, but historic low ratings jeopardize their futures.
From the glamor of celebrities strolling down the red carpet to the memorable speeches to the surprising wins, award shows have attracted massive attention throughout the decades.
The Oscars saw an 81.2% drop from peak viewership in 1998 to 2021, according to Nielsen. As for the Emmys, they saw an 80.6% drop from its 1986 high to 2021. What's more, their viewership trends are much older than the 18- to 49-year-old demographic that advertisers covet.
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