I don't know that it will score a bunch of Oscar nominations. It's got three major "genre" strikes against it: musical, fantasy, comedy (largely).
None are given fair consideration by Oscar voters as a rule (which is a shame), with only a few exceptions over the years. And only one fantasy has ever won Best Picture (LOTR).
But I think it could get nods for all technical categories, and maybe win for Sound or Costumes or Art Direction. And if it's well-reviewed enough and does well enough at the box office, it could be up for Best Picture.
But I wouldn't look for many (if any) acting nominations or director or screenplay adaptation.
Maybe I'm wrong. If it does better, I would be happy!
I just hope it makes them a ton of money and people like it. That's enough for me!
"Jaws is the Citizen Kane of movies."
blocked: logan2, Diamonds3, Hamilton22