How Many Box Office Hits Will the Oscars Allow Into the Best Picture Lineup?

variety.com:

Clayton Davis A slew of consumer-friendly Oscar contenders are vying for nominations in the coveted best picture category — and that could be just what the Academy of Motion Picture Arts and Sciences needs to boost ratings and keep ABC happy.

Analysts have found correlations between box office success and viewership over the years, but the broadcast television ratings continue to dwindle.

Despite the TV Academy nominating popular series such as “Euphoria” with Zendaya and Netflix’s “Squid Game,” for example, Emmy ratings still dropped from last year.

Last year’s best picture trophy went to “CODA,” an Apple streaming release that brought in $1.6 million at the box office, and while the ceremony’s ratings increased from the year prior, it was still the second lowest overall.