Well yes and no.
Obviously winning an Oscar is one of the highlights if not the highlight of one’s career. Winning an Oscar can skyrocket one to fame and make an actor or director a household name. This recognition can also translate to higher salaries and an increase in box office for the nominated and winning films. An Oscar equals respect, power and fame. Imagine how few people had heard of Melissa Leo before she was nominated last year for Frozen River. Had you heard of Lee Daniels before he and his film, Precious got nominated this year? Probably not.
So while I would definitely agree that the Oscars matter to people working within the entertainment industry to the regular viewer watching at home the outcome hardly affects him or her. I’ll put it to you this way: No matter what film wins the award for Best Picture, the outcome will not change what your favorite film of the year was. Put another way, just because Gone with the Wind won Best Picture in 1939 that should not change the fact that your favorite film happened to be say, The Wizard of Oz for example.
Now, don’t get me wrong, I obviously love the Oscars and I root for certain films and people to win but at the end of the day the opinions of 5,000 Academy members do not fundamentally change my views of what is or isn’t a great film. So as you watch the Oscars this Sunday, sit back, relax and try not to drunkenly yell at the screen when Carey Mulligan loses Best Actress.
Only 3 days until the Oscars! Here’s a video about winning an Oscar: