The 98th Academy Awards are set to take place at the Dolby Theatre, with significant anticipation surrounding the nominees and potential winners.

Context

The Oscars are a prestigious annual event celebrating achievements in the film industry, with this year's ceremony expected to showcase a competitive field of nominees.S1S2

Key points

• The ceremony will start at 23:00 GMT.S1

• Irish actress Jessie Buckley is favored to win best actress for her role in Hamnet.S2

• Political thriller One Battle After Another is the frontrunner for best picture.S2

• Several categories are considered too close to call, indicating a competitive awards season.S2

• Hollywood stars are preparing for the ceremony, highlighting the event's significance in the entertainment industry.S2

• The Oscars will be held at the Dolby Theatre, a traditional venue for the event.S1

• Viewers can expect a mix of established and emerging talent among the nominees.S2

• The event will be broadcasted, allowing global audiences to participate in the celebration.S1

Why it matters

• The Oscars serve as a barometer for trends and shifts in the film industry.S2

• Recognition at the Oscars can significantly impact the careers of nominees and winners.S2

What to watch

• Monitor the reception of the winners and nominees post-ceremony to gauge industry reactions.S2

• Watch for potential upsets in categories that are currently too close to call.S2