Oscar Predictions: Best Picture — Will Venice and Telluride Set the Stage for ‘Joker 2,’ ‘The Room Next Door’ and ‘The Piano Lesson?’

Variety Awards Circuit section is the home for all awards news and related content throughout the year, featuring the following: the official predictions for the upcoming Oscars, Emmys, Grammys and Tony Awards ceremonies, curated by Variety senior awards editor Clayton Davis. The prediction pages reflect the current standings in the race and do not reflect personal preferences for any individual contender. As other formal (and informal) polls suggest, competitions are fluid and subject to change based on buzz and events. Predictions are updated every Thursday.

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2025 Oscars Predictions:
Best Picture

Art Streiber for Variety

Weekly Commentary (Updated Aug. 22, 2024): The first two major fall festivals—Venice and Telluride—are set to kick off the awards season next week, offering early looks at major movies vying for the attention of the Academy of Motion Picture Arts and Sciences.

Among the most anticipated films is Todd Phillips’ musical sequel “Joker: Folie à Deux,” which graced the cover of Variety this week. Phillips spoke with Brent Lang, Variety’s executive editor, about the film, which is set to debut on Sept. 4. The movie, following its 2019 predecessor that earned 11 Oscar nominations and won two, including best actor for Joaquin Phoenix, could be a significant contender for its distributor, Warner Bros. However, the studio will need to juggle other high-profile sequels, including Denis Villeneuve’s “Dune: Part Two,” Tim Burton’s “Beetlejuice Beetlejuice,” George Miller’s “Furiosa: A Mad Max Saga” and the animated “The Lord of the Rings: The War of the Rohirrim.”

Venice will also showcase premieres of Halina Reijn’s “Babygirl” starring Nicole Kidman, Justin Kurzel’s “The Order” with Jude Law, and Pedro Almodóvar’s “The Room Next Door” featuring Julianne Moore and Tilda Swinton.

At Telluride, we can expect the world premieres of Edward Berger’s thriller “Conclave” starring Ralph Fiennes and Malcolm Washington’s adaptation of August Wilson’s play “The Piano Lesson” with Samuel L. Jackson. Another film to watch is RaMell Ross’ drama “Nickel Boys,” which is said to be a powerful adaptation of Colson Whitehead’s novel. Telluride is also expected to feature a substantial selection of music-centered films as part of its lineup, which won’t be announced until Thursday, Aug. 29. These include Michael Gracey’s “Better Man” starring Robbie Williams as himself, Morgan Neville’s animated biopic “Piece by Piece” about Pharrell Williams, and Joshua Oppenheimer’s post-apocalyptic “The End” with Tilda Swinton and Michael Shannon.

Read: All Primetime Emmy predictions in every category on Variety’s Awards Circuit.

The 97th Oscars will be held on Sunday, March 2. The full rankings are below. All movie listings, titles, distributors, and credited producers are not final and are subject to change.

** denotes the film is not yet dated or can open in 2025.

Read: You can see all Academy Award predictions in all 23 categories on one page on the Variety Awards Circuit: Oscars.

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