When the 88th Academy Awards are held at the end of February, it is Walt Disney Co. (NYSE: DIS), Lions Gate Entertainment Corp. (NYSE: LGF), Twenty-First Century Fox Inc. (NASDAQ: FOXA) and Time Warner Inc. (NYSE: TWX) that will get most of the attention. Fox has the film with the most nominations, “The Revenant,” starring Leonardo DiCaprio, with 12. DiCaprio has yet to win an Oscar but was once again nominated for Best Actor in a Leading Role for his portrayal of real 19th century mountaineer Hugh Glass, who was mauled by a bear on a fur-catching expedition and left for dead, only to miraculously survive and avenge his abandonment.
Time Warner’s “Mad Max Fury Road” is the runner-up with 10 total nominations. Lions Gate had nominations for Best Animated Film in “Shaun the Sheep” and “Sicario” for Cinematography. Notable nominations for Disney were “Bridge of Spies” for Best Film, shared with Fox’s “Inside Out” for Best Animated Film and “Star Wars Episode VII: The Force Awakens” for Film Editing. Though Disney’s newest Star Wars installment was not nominated for Best Picture, it has still grossed a spectacular $2 billion globally so far, with the movie still is playing in theaters.
Fox’s “The Martian” got seven nominations, including Best Picture and Matt Damon for Actor in a Leading Role, giving the studio the lion’s share of key Oscar nominations this year, though we have yet to see who actually comes home with the most trophies.
Viacom Inc. (NASDAQ: VIAB) also took a spot on the list with Paramount’s “The Big Short” about the 2008 financial crisis. If any trading indications can be gleaned from this, it’s that 2008 is still fresh in everyone’s minds, minimizing the chances that current downside market activity is a repeat of what investors are already watching out for, both in the movie theater and on Wall Street.