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The 2020 Oscars in February. Photo: Al Seib / Los Angeles Times via Getty Images

The Academy of Motion Picture Arts and Sciences and ABC Television announced on Monday that the 93rd Oscars awards will be postponed from Feb. 21, 2021, to April 25, 2021, as a result of the ongoing coronavirus pandemic.

Why it matters: The delay comes as much of the film industry has been forced to put movie production and debuts on hold as a result of social distancing restrictions implemented all over the world.

  • The Academy has subsequently extended its eligibility window for films from Dec. 31, 2020, to Feb. 28, 2021, to accommodate delays in production.
  • "Our hope, in extending the eligibility period and our Awards date, is to provide the flexibility filmmakers need to finish and release their films without being penalized for something beyond anyone's control," Academy President David Rubin and Academy CEO Dawn Hudson said in a statement.

Worth noting: It's unclear whether next April's ceremony, which will take place more than a year after the pandemic was formally declared, will involve the traditional red carpet and live audience.

Go deeper: Films vying for Oscars must meet diversity qualifications, Academy says

Go deeper

Sep 8, 2020 - World

Study: Hollywood casts more light-skinned actors for Chinese market

Illustration: Sarah Grillo/Axios

An academic study has found that since 2012, when the Chinese government began allowing more foreign films into the country, Hollywood movies have cast more light-skinned actors in starring roles.

Key takeaway: The researchers concluded U.S. film studios were casting to fulfill the aesthetic preferences of Chinese movie-goers, in a culture that places a premium on light skin — a phenomenon known as colorism.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

The winners and losers of the pandemic holiday season

Illustration: Sarah Grillo/Axios

The pandemic has upended Thanksgiving and the shopping season that the holiday kicks off, creating a new crop of economic winners and losers.

The big picture: Just as it has exacerbated inequality in every other facet of American life, the coronavirus pandemic is deepening inequities in the business world, with the biggest and most powerful companies rapidly outpacing the smaller players.

Coronavirus cases rose 10% in the week before Thanksgiving

Expand chart
Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Sara Wise/Axios

The daily rate of new coronavirus infections rose by about 10 percent in the final week before Thanksgiving, continuing a dismal trend that may get even worse in the weeks to come.

Why it matters: Travel and large holiday celebrations are most dangerous in places where the virus is spreading widely — and right now, that includes the entire U.S.