Acclaimed movies eye Oscar, box office gold

Sun Jan 20, 2008 4:27pm EST
 
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By Steve Gorman

LOS ANGELES (Reuters) - Tales of tragedy and struggle will vie for Oscar attention on Tuesday as an unusual awards season overshadowed by the Hollywood writers strike heads into its final stretch.

Nominees for the 80th annual Academy Awards, the film industry's highest honors, will be announced at the crack of dawn in Beverly Hills (about 8:30 a.m. EST) amid a rare degree of agreement among critics and Oscar pundits about the most likely, and most deserving, contenders.

But there is always room for surprise. In a caustic open letter to Oscar voters, Rolling Stone movie critic Peter Travers said they deserve to watch "Transformers" forever in hell if they do not nominate the likes of "There Will Be Blood" and "No Country For Old Men" for best picture.

As is often the case, the majority of the front-runners in this race are films whose rave reviews have yet to excite the masses, though their distributors are hoping Oscar recognition will provide a box-office bump.

One such movie is "There Will Be Blood," writer/director Paul Thomas Anderson's grim exploration of the corrupting nature of power and money. British actor Daniel Day-Lewis stars as a turn-of-the-century oilman in California, who says "I hate most people." Most pundits expect he will add a best-actor statuette to the one he picked up in 1990 for "My Left Foot."

The film has earned just $8.2 million since opening on December 26. Now playing in 389 theaters -- about one-tenth the total of current box office champ "Cloverfield" -- it will double its theater count next weekend, said Paramount Vantage, which partnered on the film with Miramax Films.

"NO COUNTRY" NO-BRAINER

"No Country for Old Men" comes from sibling filmmakers Joel and Ethan Coen, who could end up with nods for best picture, director, adapted screenplay and editing.   Continued...

 
<p>Writers Ethan (R) and Joel Coen accept the Best Adapted Screenplay award for their work with "No Country For Old Men" during the National Board Of Review of Motion Pictures award gala in New York January 15, 2008. "No Country for Old Men" comes from sibling filmmakers Joel and Ethan Coen, who could end up with nods for best picture, director, adapted screenplay and editing in the Oscar award nominations. REUTERS/Lucas Jackson</p>