The trouble with the Oscars is that is elitist. End of story. Do these awards really matter? Probably only to the people who actually win them. Ricky Gervais was actually spot on what he said when he hosted the Golden Globes in 2020.
Even though there were some super quality films made in the last year, the landscape has changed. The pandemic has added to this. There is just so much more content online. Just go to Youtube and watch any content from the 'Dust' channel. Some really outstanding shorts here. That's just one example. I think most ordinary people who enjoy movies are just interested in that, the experience of watching the film mostly from the comfort of their own home. They are not interested in the back slapping, multi millionaire actors, producers, directors who use award platforms to rant and rave about some political view rather than just accept the award for what they won, and were paid to do.
This is a truly exciting time for filmmakers as it's possible to make a film and upload it to your own group of followers, subscribers. In a world where everyday it seems that someone, somewhere is receiving and award for something. There is something quite fresh about not wanting any award but to create more and more visual content for people who really like watching films.