I absolutely do not buy Power of the Dog winning Best Picture. There is a huge anti-Netflix bias in the Academy, which will be front and center as the industry frets over this year's disastrous box office. Plus, Best Picture on a preferential ballot needs to be a movie you can plop anyone down in front of and they will get it and enjoy it. The Power of the Dog is decidedly NOT that movie. Belfast is. West Side Story is. Campion seems poised to sweep the season for director, and it may pick up other prizes. But I dont see this academy giving a streaming service their top award right now. I think West Side Story vs. Belfast is the big battle. The Power of the Dog is the critics favorite which dominates early, but will lose when it comes to PGA, SAG, BAFTA, then Oscars.
Back on topic, West Side story is the one musical lock for Best Picture. There are 7 films good to go: West Side Story, Belfast, The Power of the Dog, King Richard, Dune, Licorice Pizza, and CODA. That leaves three slots up for grabs. I'm betting on Tick Tick Boom taking one of them. Mostly on the strength of Garfield's performance (he'll get into Actor) and the film's word of mouth success. It could also show up in Sound and de Jesus is a longshot for Supporting Actor. The other films circling the final slots are Nightmare Alley, Don't Look Up, The Tragedy of Macbeth, Spider-Man No Way Home, Drive My Car, Being the Ricardos, and No Time to Die.
Cyrano might get Peter Dinklage into the Lead actor race, but overall I think not enough people have seen this movie. Especially compared to other films in contention. We see the evidence of this as it was left off several of the Oscar shortlists it should have made quite easily. Probably just making it in for Dinklage (and that's iffy), and mayyyybe makeup/hair and costumes.
In the Heigths....sigh. Warner Bros has totally abandoned the campaign for the film. When it failed to make the Sound branches shortlist I knew it was over. This is actual my favorite movie musical of the year. But when it performed poorly at the bo, they shifted awards focus away from it entirely. (Disclosure: I cover some of the awards circuit. I've interviewed folks from In the Heights, and everything is arranged through individual artist's teams...not Warner Bros. Thats never a good sign. So it will sadly be skunked entirely).
Encanto should be able to pick up 3 nominations: Animated Feature, Score, and Song. I think it will win Animated Feature even tho there is strong competition from Luca, Flee, and Mitchells vs the Machines. Those four will all be nominees. Sing 2 could nab the last spot, but I think its much more likely to be Raya and the Last Dragon or Belle.