NEW YORK —
But even “Argo,” which walked away with three Oscars after grossing $232.3 million worldwide on a $44.5 million budget, isn’t much of a corollary to “Oppenheimer.” For that, you need to rewind to the 2004 Oscars, where Peter Jackson’s “The Lord of the Rings: Return of the King” — a $1.16 billion smash — took home 11 Oscars. That’s more the kind of wall-to-wall sweep expected Sunday for Christopher Nolan’s J. Robert Oppenheimer biopic.
When more widely seen movies are in contention at the Oscars, more people have historically tuned in. The most-watched Academy Awards ever was when “Titanic” ruled the 1998 Oscars, winning 11 trophies. Some 57.3 million viewers watched James Cameron declare “I’m the king of the world!” It can sometimes be overstated how much having a blockbuster to root for impacts Oscar ratings. The more significant factors tend to be long-term ones, like the decline of linear television and the overall splintering of pop culture. Year-to-year fluctuations are usually less drastic. Nearly as many tuned in to see Clint Eastwood's “Million Dollar Baby” win best picture in 2005 as they did the year prior for “Return of the King” .
More than that, “Oppenheimer” stands for a kind of filmmaking that many fear is increasingly obsolete in a Hollywood that’s struggling to find its way forward amid widespread contraction. Streaming revenues have lagged for all but Netflix. Production delays brought on by the strike has led to a downturn in moviegoing in 2024. The sheer, spectacular accomplishment of “Oppenheimer” — a talky three-hour drama that outperformed “Ant-Man” and “Aquaman," combined — is a bright, shining exception.
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