The 98th Academy Awards arrive with a rare sense of volatility. One Battle After Another has dominated the season, but Sinners — the record‑breaking 16‑nominee vampire thriller — upended expectations with a key precursor win, turning best picture into a genuine showdown. Acting races are equally unsettled, with only Jessie Buckley looking like a sure thing. Add Conan O’Brien’s return, a new casting award, and two major musical performances, and Hollywood’s biggest night is primed for surprises.

What to Know:

  • One Battle After Another enters as the presumed favorite, but Sinners’ upset at the Actor Awards keeps the race alive.
  • Timothée Chalamet and Michael B. Jordan are locked in a tight best actor contest; supporting actress remains a three‑way toss‑up.
  • Jessie Buckley (Hamnet) has swept nearly every award for Best Actress this awards season, making her a strong contender for the award tonight.
  • The best casting category debuts, with nominees including Hamnet, Marty Supreme, and Sinners.
  • Only two original song nominees will perform live — “Golden” (KPop Demon Hunters) and “I Lied to You” (Sinners).
  • A‑list lineup includes Adrien Brody, Mikey Madison, Zoe Saldaña, Robert Downey Jr., Anne Hathaway, Pedro Pascal, Nicole Kidman, Gwyneth Paltrow, Chris Evans, and more.
  • Sinners leads with 16 nods; One Battle After Another follows with 13; Frankenstein, Train Dreams and Sentimental Value each have nine.
  • Gold Derby still favors One Battle After Another for best picture; Jordan has momentum in best actor; Buckley remains the strongest acting lock.
  • Supporting categories could deliver the night’s biggest shocks, with Stellan Skarsgård, Sean Penn, Amy Madigan, Teyana Taylor and Wunmi Mosaku all in contention.
  • The official preshow at 6:30 p.m. ET on ABC and Hulu; E!’s carpet show begins at 4 p.m. ET.
  • Conan O’Brien is returning to host the Oscars, which begin 7 p.m. ET / 4 p.m. PT at the Dolby Theatre. Airs on ABC; streaming via the ABC app, abc.com (with cable login), Hulu + Live TV, YouTube TV, AT&T TV and FuboTV. Also streaming live on Hulu for cord-cutters.

Stay with Newsweek as we bring you live updates, red carpet moments and every surprise from inside the Dolby Theatre.

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