On this first episode of the new year, we’re breaking down the late-2022 entry that is Avatar: The Way of Water and James Cameron’s chances of a Best Director nomination. Plus, how will Austin Butler’a memorable stint as SNL host improve his Beat Actor win odds? And we’re examining the shortlists for Original Song — where it could be a showdown between Taylor Swift, Rihanna, Lady Gaga, The Weeknd, and Selena Gomez — as well as Documentary and International Feature, and Visual Effects (can anything beat Avatar?). EW Awards Correspondent Dave Karger sits down with The Inspection stars Jeremy Pope and Gabrielle Union.

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