EXCLUSIVE: 20th Century Fox has yet to officially decide. But, according to my sources, the studio is “heavily leaning” toward pushing Wall Street: Money Never Sleeps‘s Michael Douglas for Best Supporting Actor. That’s a very different Oscar race than Best Actor where Douglas won the Academy Award for playing the same Gordon Gekko in 1987’s Wall Street. But it makes sense. Even though he is first billed and is perceived as the star of Oliver Stone’s sequel, Douglas does not have nearly the amount of screen time as co-star Shia LaBeouf. Most importantly, I’m told Douglas himself feels that Gekko is really a supporting role this time around. Here’s another complication: Anchor Bay is campaigning Douglas in the Lead Actor race for the May released Solitary Man. So, by suggesting voters consider Douglas’ second Gekko go-round as supporting work, Fox would be making it easier for everyone involved.
The studio is waiting to see where the Hollywood Foreign Press Association puts him in Golden Globe competition, although the HFPA is giving a freer hand to distributors when it comes to placing contenders this year than they have in the past. But, unlike other awards groups, the Academy Of Motion Picture & Arts Sciences does not suggest categories on their official ballots but leaves that up to the individual voters in the acting branch. Through advertising, though, a studio will try to sway voters in one clear direction. But it doesn’t always work. Susan Sarandon famously voted for herself in supporting for Atlantic City (1981) but was surprised when she found herself nominated for lead actress. The debate about the push for lead vs. supporting is one that rages every year and Oscar history is littered with actors in lead roles who win for supporting (ie Timothy Hutton in 1980’s Ordinary People) or actors in supporting roles who win for lead (ie Patricia Neal in 1963’s Hud).