Awards HQ: Ariana Grande Packs CAA, Emma Stone Backs ‘Bugonia,’ Demi Moore Champions Kate Hudson and 20 Oscar Nomination Questions

Welcome to Variety Awards HQ — your weekly command center for the Oscars race.

It’s January 12, 2026, and Oscar nomination voting is officially underway.

After a quiet holiday break, the first 12 days of the new year have kicked the race into overdrive. Every strategist and studio is pounding the pavement, treating this final stretch like the last hour of Election Day: “If you’re in line, stay in line.” Translation: It’s a close race everywhere, and one more screening, one more call, and one more push could make all the difference.

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