Awards Ceremony... Another event recession free...

It seems that I totally involved in finding sectors, events, people which are not affected by any kind of recession or depression in the economy. this is my third post in recent time which is related to recession. Today, I am targeting to different award ceremony. The question is why do we need different award ceremonies to honor the same set of films? Does not the pompous expenditure on these award ceremony a total wastage of money. When every govt., across the world, are looking for measure to curtail recession fear or take measures to revive the recessionary economy, these award ceremony clearly shows no recession, which is an irony in itself.

Thanks&Regards,
Mohit