A prestigious movie award that reward movies for adults in an age when adults don’t go to the movies anymore. It's because people don't go to watch Best Picture-winning movies anymore, hence this movie award isn't the cultural force they once were. Though the ratings remain relatively stable from year to year, they are generally down from their height in the 1990s.
The Oscars used to be a huge cultural event, but now it feels like a prestigious award for movies that adults don't really flock to anymore.