And because the academy can only recognize films that have been released in theaters, the gender-based disparity among Oscar nominees reflects how vastly underrepresented women are in Hollywood.
2017 - "Moonlight" becomes the first film with an all-black cast to win best picture, but in a backstage envelope mixup victory is first handed to musical "La La Land".
With the 90 Academy Awards just around the corner, Oscar aficionados will be redrafting their carefully curated list of predictions.
Viewers should start guessing and placing their bets on their nominees before finding out the results on March 4.
What are the categories to look out for? This is the night when the biggest actors, actresses, directors and producers gather in one spot to celebrate the year in movies.
From a quirky fairy tale romance to a dark comedy about a murder investigation, via a couple of coming-of-age tales and a horror satire, the contenders for the best picture Oscar offer audiences an array of genres and themes.
Although it doesn't always go to plan. Faye opened the envelope and announced "La La Land" as the victor previous year, while, "Moonlight" actually was the victor. Still, several celebrities have taken the opportunity over the years nonetheless.
How can I watch it? They will now witness the best ones getting honoured, as long as they find the right place and time to watch the ceremony. Host Bob Hope marks the occasion by saying, "Isn't it exciting to know that a lot of these glamorous stars are going to be in your homes tonight?"
Who is hosting the event?
"The Shape of Water", Guillermo del Toro's much-admired Cold War-era fairy tale love story, goes into the Oscars with the most nominations - 13 - compared to just seven for its main rival, "Three Billboards Outside Ebbing, Missouri". "Three Billboards Outside Ebbing, Missouri." . So I think my pick for this is "Get Out".
"Who will win Best Supporting Actress between Allison Janney, from I, Tonya and Laurie Metcalf Lady Bird"? Dee Rees, the director and writer of "Mudbound", is the first black woman to be nominated for Best Adapted Screenplay, having adapted "Mudbound" from Hillary Jordan's novel of the same name. And while you may be familiar with the movies battling it out for the more popular awards, the Best Foreign Language Film category is full of interesting, eclectic cinema from all over the world.
Many news outlets took that to mean #MeToo wouldn't be a part of Kimmel's talking points during the telecast, but it turns out that those conclusions were misleading.
④ For every minute the ceremony runs over time. The most memorable moment was during the announcement of nominees in 2016 where there was a staggering lack of ethnicity. And although the Academy has made strides toward diversification, none of this year's four black acting nominees - or the rare female filmmaking nominees, such as director Greta Gerwig - seems likely to win.
⑤ If a presenter butchers another person's name.
Has there been any controversy in this year's lead up? One must speculate if the Anti-Trump sentiment combined with the tales of sexual harassment will sink the Oscars ratings even lower this year?
You can be sure that many eyes will be centered on the Time's Up movement, which garnered significant attention at the Golden Globes.
The film's late momentum comes as something of a surprise after it was hit by the biggest backlash of any of this year's contenders.