I'm also of the opinion that the Oscars are now completely underwhelming.
Mainly because the films nominated are so worthy rather than genuinely great films.
Look at the 90's for example. The best picture winners were such a diverse bunch. Winners like The Silence of the Lambs, Unforgiven, Braveheart, American Beauty and Titanic.
However the ones that didn't win are just as good and in many cases better - LA Confidential, The Sixth Sense, Saving Private Ryan, The Thin Red Line, Fargo, Shawshank, Pulp Fiction, JFK, Goodfellas...
Basically i think Hollywood is in a terminal decline and films the quality of which i've listed simply aren't getting made anymore because of the need to make money meaning franchises just keep getting bigger and bigger at the expense of what i would call classier movies.
Basically there are too many superhero films cluttering up movie theatres.
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