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Smaller films lead Oscar nominations amid declining theater attendance

Published 01/23/2018, 10:29 AM
© Reuters.  Smaller films lead Oscar nominations amid declining theater attendance
  • Small-scale romantic fantasy The Shape of Water (FOX, FOXA) led all films with 13 Oscar nominations in a year where box-office clout and awards cred are overlapping less and less.
  • It was followed up by Three Billboards Outside Ebbing, Missouri (FOX, FOXA), with nine nominations, and Christopher Nolan's war film Dunkirk (NYSE:TWX), with seven nominations. Three Billboards and The Shape of Water add up to a nomination haul for the Fox Searchlight label, which distributed both.
  • Along with those three, all nominated for the top award, other best picture nominees include Call Me By Your Name; Darkest Hour (NASDAQ:CMCSA); Get Out (CMCSA); Phantom Thread (CMCSA); and The Post (FOX, FOXA).
  • Greta Gerwig became just the fifth woman nominated for Best Director, for Lady Bird, and Jordan Peele just the fifth black man nominated, for Get Out; Steven Spielberg was left out despite directing best picture nominee The Post.
  • Netflix (NASDAQ:NFLX) did well, drawing seven nominations, but Amazon.com (NASDAQ:AMZN) drew just a single nomination.
  • Oscar nominations can provide some monetary lift to a few films each year that are still running in theaters. But most of this year's best-picture nominees are smaller in budget, with only Dunkirk and Get Out earning more than $100M. The year's top-grossing film, Star Wars: The Last Jedi, is nominated in sound, score and visual effects categories.
  • The 90th Academy Awards will air on March 4 on ABC (NYSE:DIS); Jimmy Kimmel is returning as host and the network was reportedly looking for up to $2.6M in advertising from the telecast despite a few years of declining ratings.
  • Now read: Netflix: Uncertain Subscriber Adds Meets Record Expectations As Report Looms
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