For what it is worth, here are my impressions of the Academy Awards 2022. I have no special insight but I have been around for a while.
People who dont know how this works should realize that the real test of skill is to be invited to, and be noticed at, one or more of the extremely glamourous parties after the awards ceremony itself. Of course anyone holding an oscar from that year is automatically granted entry to any party (including the Governor's Ball). Attending the awards itself is certainly a privilege and has a variety of entertaining aspects, but ultimately it is best to realize that it is "work" to the people who are there. Most of them have to be there.
My observation is that in spite of all the complaints about the various versions of the Academy Awards ceremony, that the award itself retains both its glamour and its practical career benefits. If you receive an Oscar then it is likely that your career will receive a boost and you will be more marketable. This differs from branch to branch, I think, at least that would be logical.
The thing to keep in mind is that the Academy funds its entire operation for a year out of that one night. They do a lot of good work from what I can tell. Of course I presume there are always politics and some waste, how could there not be? But they definitely spend their money on things that help us all. Things like film restoration, for example.
The Will Smith incident is just unfortunate. People are really highly stressed in these circumstances. I dont know the man, but I know people who have worked with him on projects and no one has said he is a monster. He probably just had a bad night which is a shame.
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