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Why the Oscars have lost their mojo — and their relevance

Do the Oscars matter anymore? The question is sacrilege in this town, where image and myth have so subsumed reality that red carpet scrutiny over what Margot Robbie wears Sunday night will be as intense as coverage of how the Russians interfered with our elections. It will all get rather breathless as media, studios and stars play assigned roles in what in essence is a marketing event dressed up in glamour to celebrate the art of film and ponder who rates a ticket to Vanity Fair’s after party. Advertisement That’s not to suggest that movies shouldn’t be recognized. The industry, after all, has been handing out prizes for months. Is anyone fatigued? But this year’s awards come amid rising…