last year announced a series of changes in its nomination and prize-giving process.

For this year’s awards, BAFTA’s 6,700 voting members had to undergo unconscious bias training and watch every nominated movie before they could cast their ballots for each category — an attempt to deter voters from focusing on the most hyped films.

In the statement on Friday, BAFTA said it had asked individuals to come forward with their accounts and identify themselves.

“We very much regret that women felt unable to provide us with the kind of firsthand testimony that has now appeared in The Guardian,” it said. “Had we been in receipt of this, we would never have presented the award to Noel Clarke.”

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Anthony Hopkins’ Oscar Win Ends Night Highlighted by Diversity

LOS ANGELES — In a break with tradition, the Academy of Motion Picture Arts and Sciences decided to end its Oscars ceremony on Sunday with the prize for best actor instead of the one for best picture.

It was easy to understand why. The late Chadwick Boseman, nominated for his visceral performance in “Ma Rainey’s Black Bottom,” was the runaway favorite, and an acceptance speech by his widow was sure to be an emotional moment. Further, the best actor prize had gone to a Black man only four times in 93 years, and celebrating Mr. Boseman at the night’s climax — after a year in which racial justice was at the forefront of the country’s consciousness — would put an exclamation point on the academy’s aggressive diversity and inclusion efforts over the past few years.

It backfired in spectacular fashion.

The film establishment instead went with Anthony Hopkins, rewarding his performance in “The Father” as a man suffering from dementia. Apparently certain that Mr. Boseman would win, Mr. Hopkins had decided not to attend the ceremony. With no one there to accept the award, the Oscars telecast abruptly ended, leaving the academy to face questions about whether it had misjudged its voting body.

“At 83 years old, I did not expect to get this award — I really didn’t,” Mr. Hopkins said in a video speech released Monday morning from his hometown in Wales and during which he paid tribute to Mr. Boseman.

all-white slates of acting nominees in both 2015 and 2016. It has scrambled to enact diversity-focused reforms, most notably inviting about 4,000 artists and executives — with a focus on women and people from underrepresented groups — to become members. The organization now has about 10,000 voters. It says that about 19 percent of its members are from underrepresented racial and ethnic communities, up from 10 percent in 2015.

This year’s ceremony had a chance to be a showcase for those efforts. Going into Sunday night, some awards handicappers predicted that movie history would be made, with all four acting Oscars going to people of color for the first time. Along with Mr. Boseman, Viola Davis was seen as a leading contender for the best actress prize for playing a blues singer in “Ma Rainey’s Black Bottom.” Best actress instead went to Frances McDormand for playing a dour van dweller in “Nomadland.” It was her third best-actress statuette.

Daniel Kaluuya, who played the Black Panther leader Fred Hampton in “Judas and the Black Messiah,” and Yuh-Jung Youn, for her comically cantankerous grandmother in “Minari.” She was the first Korean performer to win an acting Oscar, and only the second Asian woman. Chloé Zhao, who is Chinese, took home the best director prize, only the second woman to do so in Oscar history and the first woman of color.

Two Black women, Mia Neal and Jamika Wilson, won Oscars for makeup and hairstyling for the first time. Emerald Fennell (“Promising Young Woman”) was the first woman to take home a solo screenwriting Oscar in 13 years. And the director Travon Free was the first Black man to win in the best live-action short category. He was recognized for “Two Distant Strangers,” a film about police brutality that he made with Martin Desmond Roe.

revealed that he did not accept the academy’s overtures.

Last year, the academy announced a plan that will require films to meet diversity criteria to be eligible for a best-picture nomination, starting with the 2024 awards.

Still, those who have been critical of the way the film industry operates are not ready to heap too much praise on the academy’s efforts.

“What we have to constantly recognize is that an institution like the academy didn’t give anything to Black people,” said Rashad Robinson, president of the racial justice organization Color of Change. “What the academy has done over the years is have a system and a set of rules that has stalled Black careers, which has prevented people from being able to be fully seen, which has had an economic impact on folks. Now that they are working to make some changes, let’s acknowledge those changes but let’s not give them any awards that they haven’t earned.”

resigned from the academy’s board in 2018.

“We have settled on numeric answers to the problem of inclusion, barely recognizing that this is the industry’s problem far, far more than it is the academy’s,” Mr. Mechanic wrote in his resignation letter, which was leaked to the news media. “Instead we react to pressure. One governor even went as far as suggesting we don’t admit a single white male to the academy, regardless of merit!”

At the same time, some people have turned away from the Oscars because of its lack of diversity. Under 10 million viewers tuned into Sunday night’s telecast, according to Nielson, a 58 percent drop compared with last year. One member of the academy’s board of governors, who spoke on the condition of anonymity because of confidentiality rules, said that market research had shown that people of color, upset about the racial disparity of nominees (and tired of seeing many of the same people get nominated over and over), had become less interested in the ceremony. A couple of smaller civil rights groups have called for viewing boycotts.

That was the case for April Reign, the campaign finance lawyer who originated the #OscarsSoWhite hashtag in 2015. Despite the changes at the organization, she said she believed the academy’s efforts to diversify its voting body had fallen short.

“It’s still a popularity contest among all the white men,” she said.

Others see reason for optimism in this year’s Oscars, no matter how they ended.

“To have a film about Fred Hampton that doesn’t demonize him but instead celebrates him, and provides this broader story from a group of Black filmmakers is, you know, kind of hard to believe that it would even be made much less be nominated,” Mr. Boyd said of “Judas and the Black Messiah.” “And we could go through each of these examples. It’s great. It’s wonderful. I just don’t want it to be an isolated incident.”

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Oscars Ratings Plummet, With Fewer Than 10 Million Tuning In

LOS ANGELES — For the film industry, which was already fighting to hold its place at the center of American culture, the Nielsen ratings for Sunday night’s 93rd Academy Awards came as a body blow: About 9.85 million people watched the telecast, a 58 percent plunge from last year’s record low.

Among adults 18 to 49, the demographic that many advertisers pay a premium to reach, the Oscars suffered an even steeper 64 percent decline, according to preliminary data from Nielsen released on Monday. Nielsen’s final numbers are expected on Tuesday and will include out-of-home viewing and some streaming statistics.

The Academy of Motion Picture Arts and Sciences declined to comment.

The academy had been bracing for a sharp ratings drop. Award shows have been struggling mightily during the pandemic, and the Oscars have been on a downward trajectory for years. But some academy officials had hoped Sunday’s telecast still might crack 10 million viewers and attract as many as 15 million.

Humiliating? Certainly. But hundreds of millions of dollars are also at stake.

Under a long-term licensing deal with ABC, which is owned by Disney, the academy stands to collect roughly $900 million between 2021 and 2028 for worldwide broadcasting rights to the Oscars. The funds are crucial to the academy’s operations, especially at a time when it is spending to open a museum in Los Angeles. But some of that money is threatened. Payments to the academy include a guarantee and then revenue sharing if certain ad sales thresholds are reached.

keep ad rates high because of the fragmentation of television viewing. Oscars night may be a shadow of its former self, but so is the rest of network television; the ceremony still ranks as one of the largest televised events of the year. Google, General Motors, Rolex and Verizon spent an estimated $2 million for each 30-second spot in Sunday’s telecast, only a slight decline from last year’s pricing, according to media buyers. ABC said on Thursday that it had sold out of its inventory.

ABC does not guarantee an audience size to Oscar advertisers, thus removing any potential for so-called make-goods (additional commercial time at a later date) to compensate for low ratings.

Some people in the entertainment industry, whether out of optimism or denial or both, believe award shows are going through a temporary downturn — that declining ratings for stalwarts like the Emmys (a 30-year low) and the Screen Actors Guild Awards (down 52 percent) reflect the pandemic, not a paradigm shift. Without live audiences, the telecasts have been drained of their energy. The big studios also postponed major movies, leaving this year’s awards circuit to little-seen art films.

The most-nominated movie on Sunday was “Mank.” It received 10 nods. Surveys before the show indicated most Americans had never even heard of it, much less watched it, despite its availability on Netflix. “Mank,” a love letter to Old Hollywood from David Fincher, won for production design and cinematography.

Still, the Oscars have been on a downward slide since 1998, when 57.2 million people tuned in to see “Titanic” sweep to best-picture victory.

Game Awards, which celebrates the best video games of the year and is streamed on platforms like YouTube, Twitch and Twitter.)

In many cases, analysts say, the telecasts are too long for contemporary attention spans. The ceremony on Sunday was one of the shorter ones in recent years, and it still ran 3 hours 19 minutes. Why slog through all that when you can catch snippets on Twitter? On Sunday, video from the ceremony showing Glenn Close twerking to “Da Butt” went viral.

down 53 percent) and Golden Globes (down 62 percent). Still, the Oscars ratings plunge in recent years has been more dramatic, and the Grammys is closing in on becoming the most-watched awards show, once an inconceivable notion. It had nearly 9 million viewers for its telecast last month.

The academy itself has played a role in the show’s demise, bungling efforts to make it more relevant (hastily announcing a new category honoring achievement in “popular” films and then backtracking) and refusing ABC’s plea to reduce the number of Oscars presented during the show.

housing and health care for Hollywood seniors.

A spokeswoman for the academy said the producers of the Oscars were not available on Monday to discuss their decisions.

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South Korea Celebrates Oscar Win for Youn Yuh-jung of ‘Minari’

SEOUL — “Minari,” the critically acclaimed movie about a hard-luck family of Korean immigrants in the United States, was not exactly a commercial blockbuster in South Korea: Fewer than a million people watched it in 54 days of screening across the country.

But when one of its stars, Yuh-Jung Youn, won the Academy Award for best supporting actress, South Koreans rejoiced not only because it was a first for a Korean actor, but also because of the recipient.

On Monday morning, the South Korean media sent out news flashes when Ms. Youn won her Oscar. Cable channels announced plans to screen her previous films. Social media was abuzz with fans congratulating her.

“Her performance brilliantly helped us relive the memories of our own mothers and grandmothers,” President Moon Jae-in said in a statement, referring to Ms. Youn’s character in the film.

“Woman of Fire,” but left acting to marry Jo Young-nam, one of South Korea’s best-known singers. In the 1970s, she followed him to the United States, where Mr. Jo tried on a career as a gospel singer. The marriage ended in divorce in the 1980s.

“A Good Lawyer’s Wife” (2003), many female actresses declined the role of a woman who has sex with another man while her husband is terminally ill. Ms. Youn took the role, saying she could used the money to redo her living room.

She once performed the role of a spiteful queen in a Korean soap opera so well that people often cursed when they saw her on the street.

“People like her because they know her life story,” said Huh Eun, a retired college media professor in Seoul. “When they think of her, they don’t think of the glorious spotlight usually associated with film stars, but of a woman who has struggled to make a living all these years like the rest of us.”

Ms. Youn’s global breakthrough came when she was offered a role in “Minari.”

quoted Ms. Youn as saying. “This is our first time living this life, so we can’t help but feel regretful and hurt.”

Ms. Youn’s Oscar acceptance speech went viral for a characteristic tongue-in-cheek attitude. The award was presented by Brad Pitt, whose production company financed the film. “Mr. Brad Pitt, finally, nice to meet you!” she said to the American superstar. “Where were you when we were filming in Tulsa?”

“Minari” depicts a Korean family struggling to build a life as farmers in rural Arkansas in the 1980s, when many poor Koreans headed for the United States for a better life. It is the second film about Koreans to make history at the Academy Awards, after “Parasite,” directed by Bong Joon Ho, won four Oscars last year.

“Parasite” grossed more than 10 million viewers within two months of its release. Part of the reason “Minari” failed to achieve the same commercial success in South Korea is because the immigrant experience of the 1980s that it portrays is quickly fading.

These days, far fewer Koreans emigrate to the United States, and those who do are usually the children of rich families who go there to study. That may change, too, as Koreans watch hate crimes involving Asian-American victims soar in the United States.

But Ms. Youn struck a chord with South Koreans in her role as Soonja, the foul-mouthed but loving grandmother in “Minari” who moves from South Korea to the United States to take care of her grandchildren. Her grandson doesn’t consider Soonja a “real grandma” and complains that she “smells like Korea.” They slowly build a bond by playing cards together and sharing Mountain Dew, which Soonja seems to think is a health drink because it is made from “dew from the mountains.”

After “Minari” began accumulating awards at film festivals in recent weeks, fans started calling Ms. Youn “the Meryl Streep of Korea.” She has done what no other Korean actor or actress has done: while “Parasite” won best picture and best director, none of its actors were nominated for Oscars.

On Sunday night during the award ceremony, Ms. Youn said her true inspiration was her two children. “I’d like to thank my two boys who made me go out and work,” she said while holding her statuette.

“This is the result because mommy worked so hard.”

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How Companies Defend Their Big CEO Paychecks

The Times’s David Gelles gives DealBook the backstory to his recent front-page article about rising C.E.O. pay during the pandemic.

Companies battered by the pandemic are handing out enormous pay packages to their C.E.O.s, highlighting the sharp divides in a nation on the precipice of an economic boom, but still wracked by steep income inequality.

Executive compensation has, of course, been soaring for decades now. Chief executives of big companies in the U.S. now make, on average, 320 times as much as the typical worker. In 1989, that ratio was 61 to 1.

Read the full story here.

A deep split in pandemic fortunes highlights an uneven global recovery. On one hand: The E.U. could let vaccinated Americans visit this summer, bringing much-needed tourism revenue to the region. (One potential hangup is a rising number of people who aren’t getting their second doses.) On the other: India will receive emergency medical supplies from the U.S. as it reports half of all new Covid-19 cases worldwide.

Netflix had a big night at the Oscars. The streaming company won seven Academy Awards last night, the most of any studio, but again fell short in its quest to win Best Picture. (That went to Disney, whose Searchlight Pictures’ “Nomadland” won the big prize; Disney won five awards over all.) AT&T’s Warner Bros. won three Oscars, while Amazon took home two.

An activist investor steps up its challenge at Exxon Mobil. Engine No. 1 argues in a new presentation that the oil giant faces an “existential business risk” because it is not taking bolder steps to move away from fossil fuels, The Financial Times reports. (Exxon and other major producers are set to report earnings this week.)

Second Chance Business Coalition, which was announced today.

Elon Musk is hosting “S.N.L.” Yes, really. The Tesla chief is scheduled to host “Saturday Night Live” on May 8. (We bet S.E.C. officials will be watching.) John Authers of Bloomberg Opinion has an interesting take on it: The Tesla chief’s antics are doing more to encourage adoption of green technology than any amount of environmentalist scolding.

Today the Supreme Court will hear a case that could upend American politics. It has largely escaped attention because it’s not obviously political at all. “Americans for Prosperity Foundation v. Rodriquez” involves a fight over California’s donor disclosure requirements for charities and “may seem like a measly spat over state nonprofit rules,” Senator Sheldon Whitehouse, Democrat of Rhode Island, told DealBook. “But a massive threat lurks within.”

Nonprofits want more donor anonymity. Americans for Prosperity Foundation is a “social welfare” nonprofit arguing that the right to anonymous assembly guaranteed by the First Amendment extends to donor data. Critics say that a ruling in favor of the Koch-funded charity would allow more untraceable money to flow through groups designed to mask the outsize role that a few wealthy players have in American politics. If A.F.P.F. wins, “special interests will have a free pass to rig our democracy from behind a veil of secrecy,” Whitehouse said.

Companies secretly influence politics with “dark money” donations that are deliberately opaque. Basically, some “social welfare” groups are quasi-political yet don’t have the same reporting requirements as explicitly political groups. Similarly, trade groups take corporate donations and pass them on, obscuring the sources.

A decision is expected around late June. Notably, the court took the case on Jan. 8, two days after the Capitol riot prompted a reckoning over corporate political donations. Both the Chamber of Commerce and the National Association of Manufacturers filed briefs supporting A.F.P.F.’s case for anonymity, and Allen Dickerson of the Federal Election Commission argued the same in a Wall Street Journal op-ed yesterday.


cottage industry of scammers.


Bain Capital Private Equity is buying Dessert Holdings in a deal that DealBook hears values the company at about $1 billion.

Dessert Holdings makes “Insta-worthy” cheesecakes and other desserts through three brands: The Original Cakerie, Lawler’s Desserts and Atlanta Cheesecake. The company, which sells to retailers and restaurants, was created through acquisitions led by its prior owner, Gryphon Investors. The dessert conglomerate emphasizes the “wow factor” of products like tuxedo truffle mousse cake that are made to look good on social media.

A sweet deal? In-store bakeries have held up well during the pandemic, while restaurants are expected to rebound post-Covid. There could be more consolidation in the industry, with George Weston announcing in March it plans to put its bakery business — which includes Wonder Bread in Canada — up for sale. Over the years, Bain has invested in a number of food service and restaurant brands, like Dunkin’ and Domino’s Pizza. It plans to develop “new and innovative products” as well as pursue more acquisitions after the Dessert Holdings deal, said Adam Nebesar, a managing director at the private equity firm.


As cryptocurrency goes more mainstream — thanks in part to the recent public listing of Coinbase — blockchain businesses are hustling for brand recognition. “We’re really trying to get our name out a lot,” said Sam Bankman-Fried, the C.E.O. of FTX, a crypto exchange that competes with Coinbase. One of FTX’s companies, the investment app Blockfolio, has signed an endorsement deal with Trevor Lawrence, the former Clemson quarterback and presumptive number-one pick in this week’s N.F.L. draft, DealBook is first to report.

29-year-old billionaire founded FTX in 2019, and said he regrets spending his early years “playing video games.” Now, he’s trying to make up for lost time and the “low name recognition” of his crypto brands by hitching their wagon to bigger brands. FTX recently agreed to pay $135 million for the naming rights to the N.B.A.’s Miami Heat arena for 19 years.

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We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com.

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Key Oscars moments: from the historic to the hilarious – video

While the scaled-back Oscars in Los Angeles on Sunday made for a more subdued and intimate affair than usual, the evening was not without its moments. 

Picking up his award for best supporting actor, the British actor Daniel Kaluuya managed to embarrass his proud mother. ‘It’s incredible. My mum met my dad, they had sex. It’s amazing, you understand. I’m here, you know what I mean?’ 

Glenn Close twerked and Frances McDormand howled like a wolf. Making history as the first Korean actor to win an Oscar, Youn Yuh-jung took a moment to appreciate Brad Pitt, who handed her the award. ‘Oh, Mr Brad Pitt, finally, nice to meet you. Where were you while we were filming, in person?’ she joked, to laughter 

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