By Andy Goldberg
Los Angeles, Feb 20 (DPA) Stars careen from talk show to talk show, telling their funniest stories and hoping to appear at their charismatic best.
Studios plaster the Los Angeles airwaves with advertisements, and spend a fortune on organising screening parties. And even in the depths of the current recession, the beautiful people of Hollywood are splashing out on gowns, parties and limousines.
But, according to the Los Angeles Times, spending on Oscar budgets is dramatically down this year. Even the studios hoping to earn an Oscar statue at the 81st Academy Awards on Sunday in Los Angeles, have slashed their budgets from the standard figure of $10-15 million that they poured out last year.
The shortfall is not just due to the economic crash. Rather, it reflects the fact that almost none of the major contenders for Oscar glory has made a significant impact