I don't want to get overconfident here, but it looks like Entertainment Weekly is giving Return of the King a good shot at winning the Best Picture and Best Director Oscars according to their
most recent predictions. Right now they have Peter Jackson with a
65% chance of winning best director, and are giving the
movie a 70% chance of taking home the big prize. Oh and on a side note...
Return of the King became the fastest movie to break a billion dollars in worldwide gross on Sunday. Faster than even Titanic, which took over 11 weeks (ROTK only took 10) to pass the mark. And if it does win best picture, most former best picture winners generally see an additional 25% increase in box office take the two months following the Oscars. That's another 250 million dollars, two or three times as much as most hit movies make in their entire run in the theaters.