Starting in 2024, producers will be required to submit a summation of the race, gender, sexual orientation, and disability status of members of their movie’s cast and crew. If a particular movie does not have enough people of color or disabled people or gays or lesbians working on the set—and what is “enough” will be determined by a knotty tangle of byzantine formularies—then that movie will no longer be eligible for an Oscar.
Last year, the Oscars drew an all-time low of 9.85 million viewers—less than what an episode of The Big Bang Theory used to get. Granted, the pandemic and the resulting dearth of theatrical releases contributed to the decline, but the truth is, Oscar ratings began plummeting long before COVID-19. At its height in the 1990s, the ceremony was pulling in as many as 55 million viewers in the United States. Even into the 2000s, it was drawing at least 40 million. But by the 2010s, the numbers started falling into the 30 millions and, by that decade’s end, had dropped further, into the 20 millions. The audience for the last pre-pandemic Oscars, in February 2020, was 23.6 million, less than half of its one-time peak.
— Los Angeles Magazine
In the real world, when an individual/company/organization realizes they’re out of touch with the people/clients/customers they depend on to pay their salary/bills/profits, they work hard to get back in touch. Clearly, Hollywood isn’t the real world.