That explains it. For years I’ve been thinking that the Oscars mostly rewards boys-own films and I’ve wondered why the "Academy" is so skewed. From the Los Angeles Times:
“...academy voters are markedly less diverse than the moviegoing public, and even more monolithic than many in the film industry may suspect. Oscar voters are nearly 94% Caucasian and 77% male, The Times found. Blacks are about 2% of the academy, and Latinos are less than 2%...
Oscar voters have a median age of 62, the study showed. People younger than 50 constitute just 14% of the membership…
The academy is primarily a group of working professionals, and nearly 50% of the academy’s actors have appeared on screen in the last two years. But membership is generally for life, and hundreds of academy voters haven’t worked on a movie in decades.”