Price Waterhouse Coopers celebrates its 78thyear leading the Oscars® balloting process on behalf of the Academy of Motion Picture Arts and Sciences (the Academy).  PwC balloting leaders Brad Oltmanns and Rick Rosas will again oversee the tabulation and will be the only two people in the world who will know the identity of the Oscar® winners before the 84th Academy Awards live telecast on ABC at 4 p.m. PT (7 p.m. ET) on Sunday, February 26, 2012.

In the 78 years that PwC has managed the balloting process, there has never been a single security breach.  Oltmanns and Rosas lead a tight-lipped team to conduct the same ‘tried and true’ method that they have used for decades. PwC’s long-established balloting system involves the precise tallying of every single ballot at a concealed location to maintain the utmost level of accuracy, objectivity and confidentiality.

“Our long-standing, 78-year relationship with PwC is built on the utmost trust and integrity,” said Tom Sherak, Academy president. “We look forward to continuing the tradition with PwC as our balloting partner for many years to come.”

Once the votes have been submitted and tabulated, PwC prepares two briefcases with a complete set of envelopes bearing the Oscar winners’ names. As a precautionary measure, both briefcases are then transported to the ceremony via separate, secret routes with each of the PwC balloting leaders. As a second preventive measure, the PwC balloting leaders also memorize every winner. During the live telecast, Oltmanns and Rosas remain backstage and hand each envelope to award presenters before they walk onstage.

“PwC’s ongoing relationship with the Academy exemplifies the highest level of precision and trust,” said Brad Oltmanns, a PwC partner and Oscars balloting leader since 2004. “This is an event we look forward to every year and our precise work with the Academy through the years is a tribute to PwC’s renowned heritage and reputation.”

“Being involved each year in maintaining the highest level of secrecy is one of the most rewarding assignments of my career” said Rick Rosas, a PwC partner and Oscars balloting leader since 2001. “Our work with the Academy not only highlights our long-term and trusted relationship with Hollywood and the entertainment industry, but also serves as an incredible source of honor and pride for PwC.”

Oscars nomination ballots were mailed to 5,783 voting members of the Academy on Tuesday, December 27, 2011, and nominees were announced on Tuesday, January 24, 2012.  Final ballots will be mailed today (February 1, 2012), and completed ballots are due back to PwC on Tuesday, February 21, 2012 (by 5 p.m.).

PwC Fun Facts from 78 Years of Oscars Balloting

As Hollywood prepares for the 84th Academy Awards,  PwC has tallied some other numbers to illustrate what has gone into keeping Hollywood’s biggest secret under wraps and getting the world’s most famous statuettes into the hands of the winners:

• 450,000+: The approximate number of ballots counted by PwC in 78 years on the job.

• 2,600+:  The number of winners’ envelopes stuffed since the envelope system was introduced in 1941.

• 1,700: The approximate number of “person-hours” it takes the PwC team every year to count and verify the ballots.

• 78:  The number of years PwC has conducted the Oscar® balloting.

• 24: The number of awards categories to be tabulated for the 84th Academy Awards at a secret location known only to the members of the small PwC ballot team.

• 7: The number of days it takes to count the ballots for nominations.

• 3: The number of days it takes to count the final ballots.

Beverly Hills, CA – The governors of the Academy of Motion Picture Arts and Sciences voted on Tuesday to add a new twist to the 2011 Best Picture competition, and a new element of surprise to its annual nominations announcement.  The Board voted to institute a system that will now produce anywhere between five and 10 nominees in the category.  That number won’t be announced until the Best Picture nominees themselves are revealed at the January nominations announcement.

“With the help of PricewaterhouseCoopers, we’ve been looking not just at what happened over the past two years, but at what would have happened if we had been selecting 10 nominees for the past 10 years,” explained Academy President Tom Sherak, who noted that it was retiring Academy executive director Bruce Davis who recommended the change first to Sherak and incoming CEO Dawn Hudson and then to the governors.

During the period studied, the average percentage of first place votes received by the top vote-getting movie was 20.5.  After much analysis by Academy officials, it was determined that 5% of first place votes should be the minimum in order to receive a nomination, resulting in a slate of anywhere from five to 10 movies.

“In studying the data, what stood out was that Academy members had regularly shown a strong admiration for more than five movies,” said Davis.  “A Best Picture nomination should be an indication of extraordinary merit.  If there are only eight pictures that truly earn that honor in a given year, we shouldn’t feel an obligation to round out the number.”

If this system had been in effect from 2001 to 2008 (before the expansion to a slate of 10), there would have been years that yielded 5, 6, 7, 8 and 9 nominees.

The final round of voting for Best Picture will continue to employ the preferential system, regardless of the number of nominees, to ensure that the winning picture has the endorsement of more than half of the voters.

Other rules changes approved by the Board include:

In the animated feature film category, the need for the Board to vote to “activate” the category each year was eliminated, though a minimum number of eligible releases – eight – is still required for a competitive category.   Additionally, the short films and feature animation branch recommended, and the Board approved, refinements to the number of possible nominees in the Animated Feature category.  In any year in which eight to 12 animated features are released, either two or three of them may be nominated.  When 13 to 15 films are released, a maximum of four may be nominated, and when 16 or more animated features are released, a maximum of five may be nominated.

In the visual effects category, the “bakeoff” at which the nominees are determined will expand from seven to 10 contenders.  The increase in the number of participants is related to a change made last year in which the number of films nominated in the visual effects category  was increased from three to five.

Previously, the Board approved changes to the documentary feature and documentary short category rules that now put those categories’ eligibility periods in line with the calendar year and thus with most other awards categories.  The change means that for the 84th Awards cycle only, the eligibility period is more than 12 months; it is from September 1, 2010 to December 31, 2011.

Other modifications of the 84th Academy Awards rules include normal date changes and minor “housekeeping” changes.

Rules are reviewed annually by individual branch and category committees.  The Awards Rules Committee then reviews all proposed changes before presenting its recommendations to the Academy’s Board of Governors for approval.

The 84th Academy Awards nominations will be announced live on Tuesday, January 24, 2012, at 5:30 a.m. PT in the Academy’s Samuel Goldwyn Theater.

Academy Awards for outstanding film achievements of 2011 will be presented on Sunday, February 26, 2012, at the Kodak Theatre at Hollywood & Highland Center®, and televised live by the ABC Television Network.  The Oscar presentation also will be televised live in more than 200 countries worldwide.

Katherine Bigelow and Mark Boal

CULVER CITY, Calif., May 24, 2011 – Columbia Pictures has acquired United States distribution rights to the forthcoming motion picture from Oscar®-winners Kathryn Bigelow and Mark Boal, director and screenwriter, respectively, of the Best Picture-winning film The Hurt Locker, it was announced today by Amy Pascal, Co-Chairman of Sony Pictures Entertainment.

The untitled film focuses on the black ops mission to capture or kill Osama bin Laden, which culminated in his death earlier this month during a high-stakes raid on his compound in Pakistan. Bigelow and Boal have been developing the project since 2008 and plan to incorporate recent events into the film.

Boal and Bigelow will produce the project, along with Annapurna Picture’s Megan Ellison, and executive producer, Greg Shapiro, with production slated to commence in the late summer of 2011.  The film will be released in the United States in the 4th quarter of 2012.

Commenting on the announcement, Pascal said, “With the death of Osama bin Laden, this film could not be more relevant.  Kathryn and Mark have an outstanding perspective on the team that was hunting the most wanted man in the world. .  Mark is second to none as an investigative journalist, and Kathryn will bring the same kind of compelling authenticity and urgency that distinguished The Hurt Locker and made that film so memorable and special.”