Despite cosmetic changes and experiments with hosts (or no host), the Oscars have remained largely rooted in tradition, producing a 20th-century TV show for a 21st-century audience. Coming off record-low ratings and with the film industry still reeling from a global pandemic, the burden for the 94th annual Academy Awards will be whether they can pivot to face present realities, and at this point how much good that will do.

(SOURCE) https://www.cnn.com/2022/03/22/entertainment/oscars-2022-preview/index.html