In a Hardtalk Extra interview broadcast on Friday 4th and Monday 7th March, Tom Brook talks to David Ansen, film critic for the Newsweek magazine, about the significance of this year's Oscar awards.
Clint Eastwood brandishes his awards for Million Dollar Baby
For copyright reasons this interview is no longer available for viewing.
The gongs have been handed out and the red carpet rolled away but for the backers of Oscar winning films, the real business is just beginning.
HardTalk Extra talks to one of the world's most influential film critics to find out more about what the Oscars really mean to the industry.
The awards process itself has come in for heavy criticism. With falling television audiences, unscrupulous lobbying and blandly predictable winners are the Oscars really necessary?
HARDtalk Extra can be seen on Fridays on BBC World at 04:30 GMT, 11:30 GMT, 15:30 GMT, 19:30 GMT and 00:30 GMT.
It can also be seen on BBC News 24 at 04:30 and 23:30