The video provides a comprehensive overview of the history and significance of the Oscars, also known as the Academy Awards. It explains that the Oscars were originally established in 1929 by the Academy of Motion Picture Arts and Sciences to save the reputation of Hollywood, which was facing scandals and labor shortages at the time. The initial awards were given to induce filmmakers, directors, and actors to cooperate with the Academy, but over the years, their popularity increased, and they became an honor to receive.
The video also discusses the process of nominations and how they differ from being shortlisted. It explains that the Academy makes a reminder list of films that fulfill the eligibility criteria, which includes being played in commercial theaters for at least a week. The list of eligible films is then shortlisted, and if a film is shortlisted, it means it fulfills the eligibility criteria. However, being shortlisted does not guarantee a nomination.
The video also explains the voting process for the Oscars. About 10,000 industry professionals vote for the awards, and the voters are grouped into 17 branches, each voting for the category they belong to. The category of Best Picture uses the Ranked Choice Voting system, where the nominees are arranged as per the voter's preferences.
The video also discusses the history of the Oscars in India, mentioning Bhanu Athaiya as the first Indian to win an Oscar for Best Costume Design for the film Gandhi, and Satyajit Ray as the only Indian to have been honored with an honorary award for Lifetime Achievement in Filmmaking. It also mentions AR Rahman's two Oscars for Slumdog Millionaire and the controversy surrounding Resul Pookutty's claim that he was not given work in the Hindi film industry after winning the Oscar for Best Sound Mixing.
The video concludes by discussing the controversies surrounding the Oscars, including the #OscarsSoWhite hashtag and the Academy's efforts to make the awards more inclusive. It also mentions the new eligibility guidelines that will be applied from 2024, which add four new categories for eligibility to ensure a more inclusive representation of underrepresented racial and identity groups.
1. The Oscars, officially known as the Academy Awards, are the most popular film awards worldwide.
2. The concept of these awards was to save the diminishing reputation of Hollywood.
3. The Oscars were first presented in 1929.
4. The Academy of Motion Picture Arts & Sciences was established for these awards.
5. The Oscars were named The Academy Awards due to the initial awards being given to induce the filmmakers, directors, and actors.
6. The Oscars have 24 categories.
7. The five most important categories for Hollywood are collectively known as the Big Five.
8. The eligibility criteria for the Oscars require that the film be played in commercial theatres at least for 1 week at any of the specified places.
9. The Best Foreign Language Film category was introduced in 1956.
10. The Oscars are selected through voting by about 10,000 industry professionals.
11. The Oscars are made of solid bronze, plated with 24k gold.
12. The Academy has made a rule that the winners cannot sell their Oscars.
13. Bhanu Athaiya became the first Indian to win an Oscar in 1983 for the film Gandhi for the Best Costume Design.
14. Satyajit Ray was bestowed an honorary award for Lifetime Achievement in Filmmaking in 1992.
15. AR Rahman won 2 Oscars for Slumdog Millionaire in 2008.
16. The Academy decided to make the awards more inclusive in 2020.
17. The new eligibility guidelines will be applied from 2024.
18. The new eligibility guidelines will focus on the story and the characters of the films, the production teams creating the films, the number of people from underrepresented groups employed by them, the number of paid training opportunities to the people of the underrepresented group by the film companies, and audience development.