So far, LOTR hasn't recieved any Best Picture Oscars. FotR was beat out by A Beautiful Mind and TTT was trounced by Chicago. However, I think RotK has a good chance for Best Picture. Then again, the Academy has a severe bias against fantasy/sci-fi movies. I guess we'll just have to keep our fingers crossed.
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"A man who flies from his fear may find he has only taken a shortcut to meet it.”
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