IMHO I’ve never understood the ceremony of a bunch of rich entertainers getting together to reward one another for what a great job they did in their jobs. Shouldn't they be rewarding the public for spending their hard earned $$ at the movie theater to make these people the millionaires that they are?
Just sayin’.
It is an industry award. The whole point is that it’s what this particular industry thinks was the best of their own work for a given year. As for a bunch of rich entertainers, only four of the Oscars go to actors. The rest go to craftspeople and not all of them are rich.