⚠️ SPOILER WARNING!
This article contains major spoilers for Anora, including key plot points, character developments, and the film’s ending. If you haven’t seen the movie yet and want to experience it spoiler-free, we recommend watching it first before reading further.
Table of Contents
The Academy’s Decision and Its Underlying Messages
The win for “Anora” in the Best Picture category caught many by surprise—mainly because the Academy doesn’t provide an official rationale for its choices. Critics hailed it as a daring move, while some observers reacted with caution or confusion. Oscar winners in this category are decided by a preferential voting system, where Academy members rank their favorites. Still, certain patterns emerge from the system itself and from the buzz surrounding the film.
“Anora” was already a critics’ darling. Its Palme d’Or victory at Cannes had raised its global profile—and that success clearly carried over. Only four films have ever won both Cannes and the Oscar for Best Picture, underscoring the exceptional reception for Sean Baker’s film. It weaves classic screwball comedy elements into a pointed social critique, delivering humor, pace, and emotional impact in a way that’s also surprisingly mainstream-friendly.
The preferential ballot likely boosted “Anora,” especially in a year when votes were spread among multiple strong contenders. A film that shows up consistently in second- and third-place slots can emerge as the overall winner. “Anora” evidently enjoyed broad-based appeal—enough to also win in top categories like Directing, Screenplay, and Editing, reflecting wide-ranging recognition of its artistic merit.
Notably, Sean Baker himself won four Oscars in one night—an extreme rarity that underscored how strongly the Academy embraced his vision. His acceptance speech gave further weight to the film’s social commitment, highlighting his collaboration with real sex workers and deepening the sense that “Anora” stands for more than cinematic flair.
The tale of a young woman holding her own against powerful men in a Russian oligarch milieu clearly struck a chord, especially in an era of global tension. That underlying current likely won the film extra support.
Mikey Madison’s Best Actress win speaks not just to the caliber of her performance but also to the film’s emotional resonance. While the Academy provided no detailed justification, the live broadcast commentary stressed her energetic, multifaceted portrayal. She’d already been recognized at events like the BAFTAs and the Independent Spirit Awards—proof that her work was winning over critics and industry figures alike.
Comparisons to Demi Moore, who was heavily favored for her role in “The Substance,” show that the Academy wasn’t guided purely by star power or career longevity. Even though Moore had earned both a Golden Globe and a Critics’ Choice Award for her performance, that film divided opinion. Some Academy members reportedly admired her acting but had issues with “The Substance” overall—a drawback compared to Madison, whose role anchored a universally well-received film.
Moreover, Madison’s offscreen conduct aligned with the Academy’s current leanings. Her acceptance speech included explicit solidarity with the real-life community her character was based on, which many perceived as both compassionate and self-aware. As Hollywood becomes ever more socially and politically mindful, that kind of authenticity carries weight.

Surprise, Skepticism, and the Generation Debate
The Best Actress category took center stage in many post-award discussions. Demi Moore—an established star with multiple precursor wins—was pitted against a much younger Mikey Madison, intensifying the hype. Moore’s performance was bold and physically demanding, and “The Substance” tackled provocative subject matter. When Madison ultimately won, the media framed it as a turning point—a result that ran contrary to expectations and signaled a generational shift.
Public reaction was accordingly polarized. Some saw Madison’s victory as a triumph of a fresh, authentic brand of acting, while Moore’s supporters voiced disappointment. Social media quickly buzzed about potential age bias, suggesting the Academy might have favored a younger actress because it’s uncomfortable with older women in challenging roles. Others pointed out that such arguments belittle both actresses—Moore’s undeniable achievement and Madison’s deserving accomplishment.
Another running theme was the longstanding marginalization of certain genres at the Oscars. Horror films, especially those with explicit content, are often overlooked, no matter how strong the performances. “The Substance” fell squarely in that category, apparently triggering resistance from a portion of the Academy. Some described the film as overblown or too niche, which affected how Moore’s performance was perceived—even though many found her work compelling.
Controversy over the decision died down relatively quickly when both Madison and Moore publicly expressed admiration for each other’s performances. Their mutual respect helped refocus attention on the quality of each film and each actress, rather than fueling more tabloid drama. It was a display of poise and solidarity, steering the conversation back to art over spectacle.
Comparative Analysis: “Anora” vs. “The Substance” – Themes, Aesthetics, Relevance, and Acting
A direct comparison of these two films—and of their leading actresses—helps clarify why “Anora” and Mikey Madison ultimately held sway at the Oscars. Both movies center on women grappling with external forces, but they diverge sharply in style, focus, and narrative approach.
Subject Matter and Social Relevance
“Anora” is the story of a young woman from a precarious financial background who marries the son of a Russian oligarch on a whim, stumbling into a world of power, money, and stark social disparities. In the process, the film explores class differences, cultural tensions, sexual autonomy, and how marginalized people navigate circles of privilege. Despite the chaos of Ani’s sudden rise, the film maintains a hopeful spirit—depicting a woman who fights back without losing herself. The script draws on real experiences of sex workers, giving it an authenticity that never feels forced.
By contrast, “The Substance” takes a far darker tack, addressing the pressure on aging women in show business. Its protagonist, once a famous TV host, finds herself shoved aside because of her age and resorts to an experimental rejuvenation serum. The result is a grim satire of youth obsession, beauty standards, and the self-destruction that social norms can enforce. While the film’s indictment of ageism is potent and topical, its extreme content can make it less accessible to a general audience. Where “Anora” leavens its social critique with humor and optimism, “The Substance” leans into provocation and confrontation.
Aesthetics, Genre, and Directorial Signature
The two films also differ dramatically in their visual and stylistic choices. “Anora” is a high-energy tragicomedy balancing gritty realism and over-the-top comedy. Shot on real New York streets, it conveys a sense of immediacy through brisk editing, sharp dialogue, and incisive vignettes of urban life. The overall direction remains inviting, dynamic, and emotionally direct. There’s a mix of documentary rawness and fairy-tale flourishes—especially the Cinderella-like twist of its premise. Even when the film confronts explicit or jarring moments, it remains open and approachable, appealing to critics and wider audiences alike.
“The Substance,” on the other hand, sits at the intersection of horror and sci-fi. Its cinematic language is extreme, using grotesque visuals, shocking images, and a heavily stylized symbol system. Scenes oscillate between slick, ad-like aesthetics and graphic body horror. Deliberately unsettling, the film demands a lot from viewers. Its visual radicalism makes it a landmark work of fearless artistry but also narrows its audience. While “Anora” embraces a broad emotional palette, “The Substance” focuses intently on delivering a singular, stark message—alienating those who shy away from such intensity.
Style and Acting: Radical Aesthetic vs. Emotional Accessibility
“The Substance” sparked fierce debate through awards season for its radical style—deliberate overstatement, provocation, and taboo-busting. Director Coralie Fargeat follows a lineage of body horror, but with a distinctly female perspective. Her film is anything but subtle—full of blood, extreme symbolism, and jarring visual metaphors. It’s artistically bold but not for the faint of heart, which likely deterred some Academy members. Some praised its uncompromising vision; others found it intrusive or pretentious. That polarization, coupled with the baggage of the horror label, limited its overall traction.
By contrast, “Anora” might seem more conventional—yet in the best possible sense. It bursts with energy, humor, and heart without losing depth. Its tone is cheeky but not cruel, gritty but not chaotic. Sean Baker fuses screwball comedy, social drama, and a kind of ironic fairy tale, striking a balance that’s notoriously hard to achieve. The real-life locations, the punchy dialogue, the blend of explicit themes and audience-friendly style—all of this helped “Anora” stand out in an Oscar environment that rewards bold but emotionally resonant storytelling. Where “The Substance” splits viewers, “Anora” brings them in.
Comparing Performances: Mikey Madison and Demi Moore
Both lead actresses deliver impressive work, but the impact is fundamentally different. Mikey Madison in “Anora” inhabits a role that’s physically and emotionally on display. Her performance is all about nuance, effortlessly switching between quick-witted banter and moments of profound vulnerability. Even in the film’s most surreal circumstances, Ani remains believable. Madison never succumbs to cliché; she carries the film with authenticity, energy, and an impeccable sense of timing. That she’s a relative newcomer in such a key role made her an industry revelation.
In “The Substance,” Demi Moore faces a challenge every bit as formidable. She plays a character in a state of constant crisis—physically exposed, psychologically drained, trapped by a system that devalues aging. Her performance is brave, laced with self-awareness, and at times devastating. Yet it’s bound up in the film’s over-the-top context, where it’s hard to separate the acting from the extreme environment. Some saw in her role a bold career statement, others focused on her quieter, more harrowing scenes. But the film’s overall style overshadowed her portrayal for some viewers.

Another factor is how each actress was perceived offscreen. While Moore is a high-profile star, widely discussed for a “comeback,” Madison was seen as a fresh face—unpretentious, dedicated, and free of any elaborate PR narrative. Her win was seen as a risk worth taking: new blood, raw talent, and zero vanity. Voting for her felt like celebrating the next generation of performers and their unencumbered skill.
Ultimately, these two performances reflect different filmmaking philosophies. “Anora” is grounded in real-life themes, socially significant yet uplifting. “The Substance” wants to provoke and unsettle. Madison anchored a widely appealing production; Moore, though excellent, was part of a film that tested viewers’ limits—and consequently limited its Oscar prospects.
Final Analysis: Consensus vs. Polarization – Why “Anora” and Mikey Madison Prevailed
“The Substance” sparked vital conversation. Many cultural and feminist critics praised it as a sharp commentary on aging, body politics, and women’s status in the industry. Yet its graphic style and horror leanings kept it from wide popularity. It was simply too far outside many people’s comfort zone or tastes. While Demi Moore’s work was broadly respected, the film itself didn’t break through to become an undeniable cultural force.
“Anora” had a very different journey. It rode a wave of positive buzz throughout awards season. From early accolades at top-tier festivals to recognition from industry guilds, it steadily built momentum for the Oscars. Not only did it boast strong artistic quality, it was also refreshingly free of scandal—unlike some other contenders that got bogged down by controversy. Under the Academy’s preferential ballot system—which favors films that many voters rank highly rather than those a few voters love but others reject—“Anora” stood out. Its blend of ambition and mainstream accessibility made it a clear consensus pick.
The same dynamic shaped the Best Actress outcome. Mikey Madison captured hearts not just with her electrifying performance but with her earnest offscreen persona—unspoiled, deeply committed, and free from the weight of any orchestrated comeback narrative. Her win was widely seen as a well-deserved milestone in a career just starting to unfold.
Demi Moore, meanwhile, carried the weight of industry expectations. Her acting was extraordinary, her role intense, but “The Substance” proved polarizing. Some voters may have struggled to judge Moore’s work on its own merits, separate from the film’s uncompromising style. Others simply leaned toward something new, choosing Madison as the face of a more inclusive, authenticity-driven Hollywood.
Taken together, “Anora” and Mikey Madison scored a decisive victory rooted in thematic relevance, narrative clarity, emotional pull, and cohesive artistry. “The Substance” and Moore placed their bets on provocation, aesthetic extremes, and big symbolic swings—and lost out not because of a lack of quality but because they couldn’t reconcile that vision with a broader consensus. This year’s Oscar results reflect a shifting definition of excellence: star power and risk alone don’t seal the deal. Instead, the industry increasingly celebrates stories that pair serious social commentary with warmth and humanity. “Anora” hit that sweet spot—advancing the evolution of indie cinema—while Mikey Madison symbolized a new generation of performers who demand visibility without waiting for permission.