Though Ang Lee failed to receive a director nomination, the movie was acknowledged by the Academy with 7 nods, including Best Picture and Best Actress, winning one for Emma Thompson's Adapted Screenplay.

So where do we stand now that the ballots for the coveted prize have been mailed to the 5,000 Academy members Are we going to fly to the moon with Tom Hanks in Apollo 13 Drink ourselves to death with Nicholas Cage in Leaving Las Vegas Revisit Jane Austen's territory with Emma Thompson in Sense and Sensibility

Jan 10, 2007–Carlo Ponti, the prolific Italian producer of classics such as “Dr. Zhivago,” “Blow Up,” and “Two Women,” which won his wife Sophia Loren the Best Actress Oscar, died in Geneva, Switzerland, on Wednesday. He was 94.

Next to “Anne of the Thousand Days,” which received 10 nominations (but won only one), “They Shoot Horses” received the largest number of nods, 9, though it didn't make the top list of five nominees. It's likely to assume that Costa-Gavras' political thriller “Z” took the spot of Sydney Pollack's picture.

In 1954, “On the Waterfront” competed for the Best Picture Oscar with the court drama, “The Caine Mutiny,” the screen version of the play, “The Country Girl,” the musical “Seven Brides for Seven Sisters,” and the romantic melodrama, “Three Coins in the Fountain,” which benefited from on-location shoot in Rome.