Another unforeseen aspect of the financial crisis has been dubbed “The Oscar Recession” by former Radar magazine editor Willa Paskin. Writing for The Daily Beast, Paskin makes the case that the economic slowdown “is changing the dynamics of the Oscar race, and narrowing the Best Picture field. Since full-fledged Oscar campaigns can break the bank, some studios are pushing potential Academy Award into 2009, taking them out of the running. Paramount’s The Soloist, an uplifting tale of a schizo, homeless violinist, and Weinstein’s The Road, an adaptation of Cormac McCarthy’s soul-crushing apocalypse novel, have both been pushed back to next year.”
Paskin makes the somewhat more dubious claim that “an unusually high number of films are also being released late in the season, which means they may not have time to build the word-of-mouth momentum to clinch votes,” citing Revolutionary Road, The Curious Case of Benjamin Button and Gran Torino, among others.
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