The 97th Academy Awards aired on ABC and Hulu last Sunday, drawing 18.07 million viewers, a lower number than many had expected. After seeing its ratings plummet for years, the Oscars had been undergoing something of a viewership renaissance. Emerging from the pandemic, the 94th Oscars drew 16.6 million viewers in 2022. That number rose to 18.8 million in 2023, while the 96th Academy Awards...

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