Oscar Season 2023 Is All About Hollywood Studios Declaring Their Relevance

Telluride and Venice got the gears moving, but the Toronto International Film Festival brought it all home: We’ve got an old-school awards cycle.

For all the disruption of the past decade, the biggest Best Picture prospects come from some of the oldest players.

One year after Apple bought “Coda” at Sundance and won a streamer its first Best Picture, classic Hollywood is gunning for the prize.Paramount was already marching into awards mode with “Top Gun: Maverick,” the box-office juggernaut that reminded everyone that big theatrical events movies aren’t dead (and neither are the theaters).

With 10 Best Picture candidates, the movie stands a good shot at getting Tom Cruise his first nomination as a producer, but its distributor has an alternate plan on the horizon.Paramount capitalized on TIFF’s quieter weekday buzz to unveil the bonkers trailer for Damien Chazelle’s “Babylon,” a sprawling (and long) epic

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