Jane Campion entered Oscars history this week as the first, and only, female filmmaker to be put forward twice for the coveted Best Director award. Her latest nomination, for the Netflix-backed Western The Power of the Dog, lines up alongside her 1994 nod for The Piano.
Campion was widely tipped to become the first woman to receive the prize, especially after The Piano landed her Cannes’ prestigious Palme d’Or in 1993, in another first for a female director. It was not to be, however, and Steven Spielberg took the honour for Schindler’s List. Campion did, at least, take home the Oscar for Best Original Screenplay alongside acting prizes for Holly Hunter and Anna Paquin.
Scroll through our gallery above to see the women who have been nominated for the Best Director Oscar.
Campion was only the second woman to be considered for the Best Director prize. The first was Lina Wertmuller for 1975’s Italian-language tragicomedy Seven Beauties. Like Campion, Wertmuller was ultimately left disappointed on the evening of the glittering ceremony, though she did eventually receive an Honorary Lifetime Achievement Award at the 2019 event.
Considering it took 48 years after the Oscars were first awarded in 1929 for Wertmuller to achieve her nomination, it could be argued that the Oscars have dramatically increased the representation of women since, but not at the pace women in the industry would have hoped.
It took 18 years after Wertmuller for Campion to receive the second nomination for a female director for The Piano, so there is an improvement, but hardly a prolific showing for female filmmakers. The wait then dropped to "only" 10 years when Sofia Coppola managed a third, and again, unsuccessful nomination for 2003’s Lost in Translation. Like Campion in 1993, Coppola did at least take home the consolation of the Best Original Screenplay award, for her bittersweet comedy.
Finally, about 80 years after the Oscars were created, Kathryn Bigelow became the first woman to pick up the 2010 Oscars' most coveted individual prize, for her 2008 Iraq war drama The Hurt Locker. The low-budget film took home a total of six awards, including for Best Original Screenplay and the other biggest prize of the night – Best Picture.
For added drama, appropriately enough for the event, Bigelow beat her ex-husband James Cameron to the Oscars’ biggest prizes. Cameron’s big-budget, box-office-smashing Avatar was up for nine awards on the night. He would have to settle for three smaller wins, however, for Art Direction, Cinematography and Visual Effects.
The two filmmakers, it should be noted, were diplomatic to a tee, despite a Hollywood press that was eager to emphasise the potentially highly personal nature of that year’s Oscars battle. Cameron, who was sitting behind his during the ceremony, was among the first to congratulate her for her wins, while Bigelow described her former beau in her post-Oscars interviews as “an extraordinary filmmaker”.
We might have expected the floodgates to open after Bigelow's win, but that didn't happen.
It would be another eight years before the next female director would picked up a nod for the big prize, Greta Gerwig this time, for 2017’s Lady Bird. Gerwig would leave the event empty-handed despite Lady Bird's five nominations, with even the almost ubiquitous Best Original Screenplay prize eluding the director.
The 2021 awards did finally have some overdue firsts when Chloe Zhao and Emerald Fennell’s nominations for Nomadland and Promising Young Woman respectively marked the first time two women made the final shortlist. Zhao went on to become only the second woman, and the first woman of colour, to successfully claim the prize.
So, can Campion make it second-time lucky?
The Power of the Dog is nominated in an impressive 12 categories this year – more than any other film. There are acting nods for Benedict Cumberbatch, Kristen Dunst, Kodi Smit-McPhee and Jesse Plemons, and further nominations for Film Editing, Original Score, Sound, Production Design, and Campion’s Adapted Screenplay.
There’s also the potential for further female Hollywood history to be made this year, should Ari Wegner, only the second woman to be nominated in the category, become the first to take home the Best Cinematography prize.
Campion will surely be hoping for Best Director at the second time of asking, however, and perhaps Best Picture for good measure, too. When The Piano lost out all those years ago, it was up against Spielberg’s all-conquering Schindler’s List, which had 12 nominations and picked up the coveted Director/Picture combo among its seven wins.
This time around, it’s Campion’s film that’s the hot favourite, with 12 nominations of its own. That’s no guarantee of success, and the Oscars panel can be unpredictable, but the director has every reason to be confident.
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Section 375
Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat
Director: Ajay Bahl
Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL
Rating: 3.5/5
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%3Cp%3EPresident%20Volodymyr%20Zelenskyy%20has%20overseen%20grain%20being%20loaded%20for%20export%20onto%20a%20Turkish%20ship%20following%20a%20deal%20with%20Russia%20brokered%20by%20the%20UN%20and%20Turkey.%3Cbr%3E%22The%20first%20vessel%2C%20the%20first%20ship%20is%20being%20loaded%20since%20the%20beginning%20of%20the%20war.%20This%20is%20a%20Turkish%20vessel%2C%22%20Zelensky%20said%2C%20adding%20exports%20could%20start%20in%20%22the%20coming%20days%22%20under%20the%20plan%20aimed%20at%20getting%20millions%20of%20tonnes%20of%20Ukrainian%20grain%20stranded%20by%20Russia's%20naval%20blockade%20to%20world%20markets.%3Cbr%3E%22Our%20side%20is%20fully%20prepared%2C%22%20he%20said.%20%22We%20sent%20all%20the%20signals%20to%20our%20partners%20--%20the%20UN%20and%20Turkey%2C%20and%20our%20military%20guarantees%20the%20security%20situation.%22%3C%2Fp%3E%0A
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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