Joker could not only be the 1st CBM to legitimately be nominated for Best Picture based solely on merit and not on using the race card, but also be the 1st CBM to win Best Picture.
With Joker stunning everyone by winning the Golden Lion at the Venice Film Festival, it's now a legitimate contender in the race for Best Picture at the Oscars. Now that the summer movie season is in the rearview mirror, attention has turned to the awards race and which films are legitimate contenders this year. The fall brings about several high profile festivals, including Venice, Telluride, and Toronto, where many of the Oscar hopefuls screen in an effort to generate buzz. Warner Bros. made the somewhat surprising decision to premiere Joker in-competition in Venice, evidently confident in what they had.
It turns out WB was smart. Joker received rave reviews out of Venice, with some people going so far as to call it a masterpiece that will transcend its genre. Joaquin Phoenix's transformative turn as Arthur Fleck was an aspect that earned heavy praise, firmly putting him in the Best Actor conversation. Of course, Joker is proving to be a very divisive film due to its approach and subject matter, but the general consensus seems to be it's an excellent work that could make some noise on the awards circuit. And it's already scored one major win.
Yesterday, it was announced Joker won the Golden Lion at Venice, which is the festival's highest honor. Historically, there isn't much correlation between Venice and the Oscars; the Golden Lion isn't like Toronto's People's Choice award where the winner is basically guaranteed a slot in the Best Picture field. However, that hasn't been the case in recent years. Prior to Joker, the last two recipients of the Golden Lion - The Shape of Water and Roma - were nominated for the Oscars' top prize. The Shape of Water won Best Picture two years ago.