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They're fun, but they don't really matter ...

"The commercial fate of serious movies is now, to a disturbing extent, dependent on the Academy Awards. In the old days it was more often the opposite: the academy would belatedly gild the lily of commercial success with a shiny finish of ersatz class. This vulgarity was the saving grace of the Oscars. It was not necessary for film lovers to take them seriously or for media outlets to cover them like presidential campaigns, with horse-race reporting, sober analysis and war room spin doctoring. A bit of perspective is needed. The wonderful thing about the Academy Awards is that they are fundamentally trivial. To pretend otherwise is to trivialize movies."

- A.O. Scott, The New York Times

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