The Oscars and other awards are still relevant in today's cinema landscape for a variety of reasons. Firstly, these awards bring attention to films and filmmakers that may not have received widespread recognition otherwise. This can help to elevate the visibility and commercial success of these films, which can in turn lead to more opportunities for filmmakers to create new and innovative work.
Additionally, awards like the Oscars are often seen as a mark of prestige and recognition within the film industry. Winning an Oscar can have a significant impact on a filmmaker's career, opening doors to new projects, financing, and partnerships.
However, some people have criticized the Oscars and other awards for their lack of diversity and representation. In recent years, there have been calls for the film industry to be more inclusive and to reflect a wider range of experiences and perspectives. Some argue that awards shows can perpetuate narrow definitions of what "good" cinema is and reinforce inequalities within the industry.
Despite these criticisms, the Oscars and other awards continue to be a significant part of the film industry and a way to recognize and celebrate the achievements of filmmakers and their work.