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New Delhi: The 2027 Oscar race may still be months away from reaching its final stage, but the first half of 2026 has already introduced several films and performances that could shape the upcoming awards season.

The year has delivered a mix of major contenders — from Lionsgate’s billion-dollar box office success ‘Michael’, which has divided critics, to Olivia Wilde’s A24 ensemble dramedy ‘The Invite’, which has gained attention for its emotional storytelling. The two films represent opposite ends of the Academy conversation: whether voters will continue favouring critically acclaimed cinema or make more room for films that have found a strong audience connection.

With major festivals including Cannes, Sundance and SXSW completed and the first wave of summer releases underway, Hollywood is beginning to identify the films, performances and technical achievements that could influence the Oscar race.

Some titles have already made a bigger impact than expected, while others are waiting for festival premieres or late-year releases before entering the conversation fully. Among the films and names being discussed are ‘Project Hail Mary’, Taylor Swift and several other releases that could gain momentum as the season progresses.

Variety’s first official Oscar charts for the best picture category examine films already released along with highly anticipated titles expected to arrive during the autumn festival circuit. The publication’s early predictions include potential frontrunners as well as possible surprises still waiting to emerge.

The 2027 Oscar race remains unpredictable at this stage, with several months left before nominations are announced. The current contenders are expected to shift after major festivals such as Venice and Telluride, which often reshape the Academy landscape.