Editor’s Note: This post was originally published on Jan. 23, 2025; it has been updated to reflect recent events.
It’s Emilia Pérez’s world… or at least it was.
After years of chasing Oscar’s biggest prize—that elusive Best Picture statue—Netflix found itself back in a dominant position courtesy of its Spanish-language musical from French auteur Jacques Audiard.
Emilia Pérez led the field with 13 nods when nominations for the 97th Academy Awards were unveiled on Jan. 23. That propelled Netflix into first place among the major streamers and studios competing for prizes at the March 2 ceremony with 18 nominations overall.
It was the second consecutive year that the company claimed that honor. In 2024, the streaming giant received 19 total nominations—the most of any studio—but only took home one award. Netflix’s biggest year remains 2021, when it scored 36 nominations and won seven, leading all its rivals.
But Emilia Pérez’s victory lap was cut short amidst controversy surrounding its star, Karla Sofia Gascón, the first openly transgender actor to be nominated for an Oscar. The Best Actress nominee was found to have previously posted derogatory comments on X, formerly Twitter. Netflix and Audiard have since distanced themselves from Gascon, and she has stepped back from public appearances. It has been reported that the streamer will pay for her to attend the Oscars.
AppleTV+ was the only major streamer left out in the cold. One year after Killers of the Flower Moon picked up 10 nominations—and four years after it became the first streamer to win the Best Picture Oscar with the much-loved Coda—the home of Ted Lasso and Severance failed to pick up a single nomination for its rough 2024 film slate.
Here’s how the different streamers—and the movie studios with streamers—stack up as the 2025 Oscar race enters its final days.
