Did you know...
In order for a feature film to be considered for "Best Picture" Academy Award honors, it has to meet the following 2 relatively simple criteria:
1. It must open in a commercial motion picture theatre in Los Angeles County by midnight, December 31 of the year of consideration.
2. It must be given a minimum theatrical run of seven consecutive days, also before the December 31st deadline.
Yes, I know, I know... it's not quite that simple - a robust marketing budget will certainly be of some help. However, there's just something thrilling about the fact that anyone with a feature film, as well as several thousand dollars to four-wall a theatre in L.A. for a week, (assuming you have no other distribution agreements), will be within the Academy's consideration radar!
Knowing all of that, any filmmaker with a completed feature - especially one with some critical acclaim on its resume, no matter how minor - should look for ways to exploit the awards process to their advantage. I'm not quite sure how, but I think there's some potential there. You likely won't be nominated for any awards, but you just might be able to generate some publicity for your film!
This year, 281 feature films are eligible for the Academy Award for Best Picture of 2008. The 81st Academy Awards nominations will be announced on Thursday, January 22 at 5:30 a.m. PST in the Academy's Samuel Goldwyn Theater.