This year’s Oscars, the 88th Academy Awards, is shaping up to be quite memorable an affair with the controversy surrounding the lack of diversity among nominees dubbed #OscarsSoWhite and whether Leonardo DiCaprio will finally get the coveted tiny golden man. However, another important question on the minds of many is which film bags the best picture.

USA Today mentions the top three films that have garnered a lot of attention in the lead up to the Oscars this year – “The Revenant,” “The Big Short,” and “Spotlight.”

“The Revenant” tells the true story of frontiersman Hugh Glass, on a fur trading expedition in the 1820s who has to fight to survive after being mauled by a bear and left for dead by members of his own hunting team. It has received 12 Oscar nominations this year but that is not all. The survival movie directed by Alejandro González Iñárritu has won three Golden Globes including ‘Best Motion Picture – Drama,’ ‘Best Actor – Drama’ for Leonardo DiCaprio and ‘Best Director’ for Alejandro González Iñárritu. It has also won 5 BAFTAs and countless others.

“The Big Short” is directed by Adam McKay with a star cast that includes Christian Bale, Ryan Gosling and Steve Carell, and has been nominated for a modest 5 Oscar awards. It has not won a single Golden Globe, but has bagged a BAFTA for Best Adapted Screenplay. It is based on the 2010 non-fiction book of the same name by Michael Lewis about the financial crisis of 2007–2008, which was triggered by the build-up of the housing market and the credit bubble. In the film, four unorthodox moneymen predict the consequences of the fraudulent mortgage-lending practices of large banks on Wall Street and decide to take on the big banks for their greed and lack of foresight.

“Spotlight” is directed by Tom McCarthy and tells the true story of how The Boston Globe uncovered the massive scandal of child molestation and cover-up within the local Catholic Archdiocese. It has been nominated for six Academy Awards and it has won a BAFTA for Best Original Screenplay but no Golden Globes.

Though it appears that “The Revenant” has an upper hand on the other two top contenders, it is not clear who will end up taking the Best Picture Oscar home.

“Although I’m pulling my hair out, I’m also happy that this year’s Oscars are not a done deal,” says’s Dave Karger. Tom O’Neil of the awards-prediction site says that though similar races took place in 2005 with “Sideways,” “Million Dollar Baby,” and “The Aviator,” and two years ago with “Gravity,” “12 Years A Slave” and “American Hustle,” there was never quite a best movie picture race like this. “All the signposts point in different directions,”O’Neil adds.

Which of the three movies do you think will bag the Oscar this year for Best Picture? Do you think the Academy will favour other apparently less likely candidates? Sound off with your comments below.