Oscar Predictions: Supporting Actress — Is This the Year of Penélope Cruz?

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- The 99th Academy Awards will take place Sunday, March 14, 2027, at the Dolby Theatre at Ovation Hollywood, hosted by Conan O'Brien and airing live at 7 p.m. ET on ABC in more than 200 territories worldwide.
- The Governors Awards will hand out honorary Oscars to Glenn Close and Ridley Scott on Sunday, Nov. 15, ahead of the main ceremony.
- Preliminary voting for the Oscars shortlist in 12 categories runs Dec. 7-11, with the shortlist announcement to follow Tuesday, Dec. 15.
- The eligibility period closes Dec. 31, 2026, with nominations voting running Jan. 11-15, 2027, and official nominations announced Thursday, Jan. 21, 2027.
- Variety's Awards Circuit section, curated by chief awards editor Clayton Davis, tracks the race across categories including Best Director, with predictions updated every Thursday.
- The headline's specific question about Penélope Cruz in Supporting Actress is not addressed in the article content provided, which serves as a timeline template for the full predictions series.
Why it matters: The 99th Oscars timeline sets the calendar for every remaining awards campaign: honorary Oscars for Glenn Close and Ridley Scott go out Nov. 15, the eligibility window closes Dec. 31, 2026, and the March 14, 2027 ceremony hosted by Conan O'Brien gives studios and voters a defined runway across a five-month shortlist-to-gala stretch.
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