The film *Nomadland* (2020) is considered a major financial and critical success, particularly given its modest production budget and the challenging theatrical landscape of the COVID-19 pandemic.
### **1. Financial Breakdown**
#### **Budget**
* **Production Budget:** Approximately **$5 million**.
* *Note:* Some industry reports place the budget between $4 million and $6 million, but $5 million is the most widely cited figure. This relatively low cost was achieved by using a small crew (around 36 people) and casting real-life nomads instead of professional actors for many roles.
#### **Box Office Performance**
Despite a simultaneous streaming release in the U.S., the film performed exceptionally well internationally.
* **Domestic (USA & Canada):** **$3.7 million**
* **International:** **$35.8 million**
* **Worldwide Total:** **$39.5 million**
**Key Takeaways:**
* **International Lean:** A staggering **90.6%** of its theatrical revenue came from outside North America.
* **Top Markets:** France ($4.2M), Germany ($4.0M), and the United Kingdom ($3.0M) were its strongest performing territories.
* **Pandemic Context:** The domestic box office was intentionally suppressed by a hybrid release strategy; it debuted on Hulu the same day it hit theaters (February 19, 2021).
#### **Post-Theatrical (Home Media & Streaming)**
* **Streaming (Hulu/Disney+):** Because *Nomadland* was owned by Searchlight Pictures (a Disney subsidiary), it served as "prestige" content for Disney's streaming platforms. While Disney does not disclose specific revenue for individual titles on Hulu, the film’s Best Picture win drove significant viewership and subscription retention.
* **Physical Sales (Blu-ray/DVD):** The film was released on Blu-ray and DVD on April 27, 2021. While exact total dollar amounts for physical sales of independent films are often kept private, *Nomadland* appeared on the **DEG (Digital Entertainment Group) "Watched at Home" Top 20** charts following its Oscar wins, indicating strong VOD (Video on Demand) and rental performance.
* **The "Oscar Bump":** Winning three Academy Awards (Best Picture, Best Director, Best Actress) typically grants a "long tail" of revenue. Even years later, the film remains a staple in digital rental libraries and educational licensing.
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### **2. Comparison: Revenue vs. Budget**
* **Profitability Ratio:** The film’s worldwide box office ($39.5M) was roughly **8 times its production budget ($5M)**.
* **Theatrical Split:** Even after the standard 50/50 split with theater owners, the film likely cleared **$15M–$20M in theatrical profit** alone before marketing costs (P&A).
* **Marketing Costs:** Prestige films like *Nomadland* often have high marketing budgets relative to their production costs (sometimes exceeding the production budget itself) to fuel an Oscar campaign. However, the film's sweep of the awards season essentially acted as "free" advertising that fueled its massive international success.
### **Summary Table**
| Category | Amount | Notes |
| :--- | :--- | :--- |
| **Budget** | $5 million | Independent production scale. |
| **Domestic Box Office** | $3.7 million | Impacted by simultaneous Hulu release. |
| **International Box Office** | $35.8 million | Driven by strong European performance. |
| **Total Box Office** | **$39.5 million** | ~800% return on production budget. |
| **Awards Impact** | High | 3 Oscars, including Best Picture, secured long-term value. |
**Conclusion:** *Nomadland* is a rare example of a "prestige" film that was both a critical darling and a massive financial win. It proved that a low-budget, character-driven drama could achieve substantial global profitability even without a traditional exclusive theatrical window.