As of 5 p.m. PT, Oscar nomination voting is officially closed.
Multiple conversations with Academy voters all throughout this week have revealed a race far more unpredictable than the punditsโ consensus suggests. While some categories appear locked, others are poised for the kind of upheaval we havenโt seen since 2003, when โThe Lord of the Rings: Return of the Kingโ dominated, but nominations surprised across multiple categories, such as Keisha Castle-Hughes, Samantha Morton, Djimon Hounsou, Shohreh Aghdashloo and Marcia Gay Harden, along with a rare lone director nomination for another Brazilian auteur, Fernando Meirelles).
Here are some of the revelations learned this week from voters:

The โF1โ factor
Joseph Kosinskiโs โF1โ from Apple Original Films is very well-liked among voters and feels like a viable entry in the best picture race. The old Academy guard loves it. Voters repeatedly describe it as โgreatโ and โgood old-school entertainment,โ the kind of movie that could easily claim one of the 10 best picture slots despite a solid, albeit not overtly passionate, critical reception. Donโt underestimate the power of the older voters who built this industry. This Brad Pitt and Damson Idris vehicle could zoom into the race, also given it has support to land three tech noms such as film editing, sound and visual effects and mimic a previous contender like โFord v Ferrariโ (2019).
โI fucking love that movie,โ one anonymous voter of the Producers Branch says.
Think of it like โcomfort foodโ with AMPAS members.

Neon
The International Film Split
The international enthusiasm is genuine, but itโs also fractured. Neon has flooded the zone with non-English-language films, creating an unexpected problem: vote splitting.
Norwayโs โSentimental Value,โ Brazilโs โThe Secret Agent,โ South Koreaโs โNo Other Choiceโ and Franceโs โIt Was Just an Accidentโ all have aspirations beyond the international feature category, particularly in best picture. More importantly, they are vying for attention from voters who frankly donโt watch as many movies as industry insiders assume.
โSentimental Valueโ is undoubtedly the priority watch among the titles, sailing toward multiple nominations, including best picture, possibly director, and three or four acting nods. But hereโs the revelation that matters: โIt Was Just an Accident,โ while admired and respected, may not have the broad support to crack picture, director or screenplay. Some conversations with voters also suggest it could be one of the big snubs of the day, including in international feature, where the race is surprisingly competitive.
โThat movie [โIt Was Just an Accidentโ] never came up in my algorithm,โ one voter admits. โI donโt know what that is.โ
Tunisiaโs โThe Voice of Hind Rajabโ has considerable support. Also watch for โKukohoโ from Japan, โThe Presidentโs Cakeโ from Iraq, Switzerlandโs โLate Shift,โ Taiwanโs โLeft Handed Girlโ (co-written by last yearโs four-time Oscar winner Sean Baker) and Germanyโs โSound of Falling.โ

โOne Battle After Anotherโ
ยฉWarner Bros/Courtesy Everett C
Why the surplus rule could decide the director race.
This yearโs director race may be decided less by passion and more by mathematics.
Under the Academyโs preferential nomination system, voters rank their choices. Once ballots are cast, a โmagic numberโ โ the quota required to secure a nomination โ is calculated. For most categories, that number is determined by dividing the total ballots by six and adding one. For the best picture category, itโs the total ballots divided by 11, plus one.
Hereโs where the surplus rule comes in.
If a contender receives significantly more votes than needed to hit that quota, those extra votes are not discarded. Instead, they are redistributed โ at a reduced, fractional value โ to the voterโs second choice (or third, if the second choice is already safe). In best picture, this redistribution is triggered when a film receives 10% more than the quota; in other categories, itโs triggered at 20%.
The goal is to prevent wasted votes and reward consensus.
This is why Paul Thomas Andersonโs strength could quietly reshape the director lineup beneath him. If Anderson overwhelmingly clears the quota (which many think he might), his surplus votes could be redistributed across secondary choices โ and those choices are not uniform. Some Anderson voters lean toward Josh Safdie, others toward Guillermo del Toro, Joachim Trier or Ryan Coogler.
โI love Guillermo,โ one voter declares. โIโll vote for him every time, no matter what.โ
I have found that a โOne Battle After Anotherโ voter tends to be a โMarty Supremeโ voter, but what is clear is that loving โOne Battleโ does not automatically translate to voting for Safdie. That fragmentation makes the director race unusually fluid and dangerously close.
This may be one of the tightest director lineups in years.

sabrina lantos
Lucky number seven in best actor, but which will be the luckier five?
Best actor appears to be a genuine toss-up between Timothรฉe Chalamet, Leonardo DiCaprio, Ethan Hawke, Michael B. Jordan, Wagner Moura, Jesse Plemons and a potential surprise in Joel Edgerton for โTrain Dreams.โ
The key factor isnโt always the performance itself but the movieโs overall strength and what I call โcoattail votes.โ If Emma Stone ranks high among best actress voters, Jesse Plemons benefits from voters who put both on their ballots. Ethan Hawke enjoys similar advantages, given his popularity within the Actors Branch and his filmโs likely original screenplay nomination (and even a potential surprise in best picture), which could even help it snag the last best picture slot.
โThat is my favorite movie of the year,โ one artisan branch member tells Variety about Richard Linklaterโs โBlue Moon.โ โI donโt know how you donโt vote for Ethan Hawke and Andrew Scott.โ
Wagner Moura won the Golden Globe for best actor (drama) at the perfect moment. I know many feel like his trajectory (along with the film) is mimicking Fernanda Torres and โIโm Still Hereโ last season. However, based on current voter sentiment, Moura feels far more vulnerable than Torres did at this stage.
Michael B. Jordan in โSinnersโ has landed all the essential nominations he needs, but I would be lying if I didnโt say I wonโt feel secure about his inaugural Oscar bid until the names are read. Based on the feedback from voters and strategists, he seems to be in.
Then thereโs Joel Edgerton for โTrain Dreams,โ whose support may have quietly grown if the film overperforms down the ballot.

โBugoniaโ
ยฉFocus Features/Courtesy Everett Collection
Best Actress is the category most likely to implode
Best actress has the most potential for a complete facelift. I feel secure declaring only one lock: Jessie Buckley for โHamnet.โ
Emma Stone (โBugoniaโ) has entered what Iโm casually referring to as her โCate Blanchett-eraโ โ a phase in which her respect and love carry enormous weight, even without having to campaign. Renate Reinsve (โSentimental Valueโ) benefits from international support and overlaps with voters backing Stellan Skarsgรฅrd and Inga Ibsdotter Lilleaas.
Kate Hudson (โSong Sung Blueโ) is walking into next week with The Actor Awards and Golden Globe nominations, along with the support of her very well-liked parents, Kurt Russell and Goldie Hawn. The legendary Hollywood couple have been stumping for her the past few weeks and have helped make her a viable contender.
Then thereโs Chase Infiniti from โOne Battle After Another,โ the newest and least well-known name of the group. She could suffer a shocking miss that would mimic Richard Gere in โChicagoโ or Joseph Fiennes in โShakespeare in Love,โ only to be forgotten despite being in the best picture winner.
That leaves a couple of potential candidates whose names came up with a few voters, such as Amanda Seyfried (โThe Testament of Ann Leeโ), Tessa Thompson (โHeddaโ), and maybe even Eva Victor (โSorry, Babyโ).
โEven though I didnโt really like the movie,โ one voter say regarding โThe Testament of Ann Leeโ and her performance in Mona Fastvoldโs drama, โI thought Amanda was astounding, and I havenโt seen a better performance this year.โ
Long story short, I donโt know where we end up on this one. Itโs easy to follow the tea leaves. Itโs harder to pick out potential cracks that could emerge.

Courtesy of Netflix
Documentary and international races are a trap.
Documentary Feature remains one of the most unpredictable categories, with voters acknowledging a pattern of snubbing presumed frontrunners. Admired films like โThe Perfect Neighbor,โ โThe Alabama Solution,โ or โ2000 Meters to Andriivkaโ may still be vulnerable, particularly with an increasingly international voting body.
International Feature is just as treacherous. Beyond the expected titles, there is genuine enthusiasm for films from Tunisia, Japan, Iraq, Taiwan, Germany and Switzerland โ several of which voters describe as personal discoveries rather than consensus picks.

Gwyneth Paltrow in โMarty Supremeโ
Supporting Categories: Safe and Surprising
Probable supporting actor noms include Benicio del Toro and Sean Penn from โOne Battle After Another,โ Jacob Elordi from โFrankenstein,โ Paul Mescal from โHamnet,โ and Stellan Skarsgรฅrd from โSentimental Value.โ Andrew Scott for โBlue Moonโ has support but no clear path to replacing anyone. Watch for Miles Caton from โSinnersโ or a Delroy Lindo surprise, similar to the Judd Hirsch/Paul Dano swap we saw with โThe Fabelmans.โ
Supporting actresses feel safer with Amy Madigan (โWeaponsโ), Teyana Taylor (โOne Battle After Anotherโ) and Wunmi Mosaku (โSinnersโ) the most likely to score nominations. โSentimental Valueโ discovery Inga Ibsdotter Lilleaas is most viable from her film, while Elle Fanning may narrowly miss (yet again) after last yearโs snub for โA Complete Unknown.โ
Ariana Grande for โWicked: For Goodโ feels solid given her Globe, SAG and BAFTA shortlist. If thereโs a surprise, Odessa Aโzion (โMarty Supremeโ) from the SAG lineup could appear, or even her co-star Gwyneth Paltrow as a replacement nominee, given her Oscar-winning status, much like Judi Dench replaced Caitriona Balfe from โBelfast.โ

โHamnetโ
ยฉFocus Features/Courtesy Everett Collection
The artisans have the wildcards
โSinnersโ could make history with its nominations totals, especially if it picks up two original song nominations for โI Lied to Youโ and โLast Time (I Seen the Sun).โ Netflixโs โTrain Dreamsโ might score in score or song given the love for the movie, but did enough voters get to it in time? โWicked: For Goodโ could emulate โBlack Panther: Wakanda Foreverโ with an acting nomination and a couple of tech nods, and the Stephen Schwartz factor is something to consider for music categories.
โHamnetโ missed both the American Society of Cinematographers and the British Society of Cinematographers nominations, which could signal a potential miss on Oscar morning. Meanwhile, Darius Khondjiโs legendary status helps โMarty Supremeโ as a potential for cinematography.
James Vanderbiltโs โNurembergโ has considerable support that many arenโt currently clocking. That could translate into nominations for costume design, original score, adapted screenplay, and perhaps even picture.

So what does it look like on Oscar nomination morning?
Two potentials are out there.
Itโs business as usual. Go with the precursor clues, and youโll likely score 80% in your predictions.
Orโฆ
We could be heading for a 2003-style upset year. That year, despite โThe Lord of the Rings: Return of the Kingโ dominating, we saw Fernando Meirelles nominated for his beloved Brazilian film โCity of God,โ Jude Law nominated for best actor for โCold Mountainโ after missing SAG, and a complete upheaval in the best actress category. Charlize Theron and Diane Keaton were joined by Naomi Watts for โ21 Grams,โ Keisha Castle-Hughes (who switched from supporting to lead for โWhale Riderโ) and Samantha Morton for โIn Americaโ with zero precursor support.
Those nominations replaced presumed locks like Scarlett Johansson (campaigning in supporting but kept appearing in lead categories for โLost in Translationโ), Evan Rachel Wood for โThirteen,โ and Nicole Kidman for โCold Mountain,โ coming right after her Oscar win for โThe Hours.โ
Varietyโs final predictions drop next week before nominations are announced Jan. 22.
Based on what voters are actually saying, chaos feels inevitable. Below are five of the most interesting best picture ballots that were shared with me by anonymous Oscar voters.

โSpringsteen: Deliver Me From Nowhereโ
ยฉ20th Century Studios/Courtesy
Voter #1 (Artisan Branch Member)
- โBlue Moonโ
- โTrain Dreamsโ
- โSpringsteen: Deliver Me From Nowhereโ
- โMarty Supremeโ
- โNurembergโ
- โOne Battle After Anotherโ
- โWicked: For Goodโ
- โElla McCayโ
- โHamnetโ
- โNouvelle Vagueโ
Voter #2 (Acting Branch Voter)
Actor in a Leading Role
- Leonardo DiCaprio, โOne Battle After Anotherโ
- Timothรฉe Chalamet, โMarty Supremeโ
- Jesse Plemons, โBugoniaโ
- Hugh Jackman, โSong Sung Blueโ
- George Clooney, โJay Kellyโ
Actress in a Leading Role
- Kate Hudson, โSong Sung Blueโ
- Rose Byrne, โIf I Had Legs Iโd Kick Youโ
- Jennifer Lawrence, โDie My Loveโ
- Emma Stone, โBugoniaโ
- Ariana Grande, โWicked: For Goodโ
Voter #3: (Producers Branch Voter)
- โSinnersโ
- โWake Up Dead Manโ
- โWeaponsโ
- โHamnetโ
- โSentimental Valueโ
- โF1โ
- โFrankensteinโ
- โRental Familyโ
- โWarfareโ
- โMarty Supremeโ
Voter #4 (Costume Branch)
- โNouvelle Vagueโ
- โNurembergโ
- โSinnersโ
- โBugoniaโ
- โFrankensteinโ
Voter #5 (Executives Branch)
- โTrain Dreamsโ
- โBugoniaโ
- โOne Battle After Anotherโ
- โSinnersโ
- โMarty Supremeโ
- โThe Lost Busโ
- โSentimental Valueโ
- โA House of Dynamiteโ
- โBlack Bagโ
- โThe Secret Agentโ