With today’s wrap of the 2012 Toronto International Film Festival, the Fall fest trifecta of Venice, Telluride and Toronto that officially kicks off the six-month flick awards season has come to a close.

What does it say, if anything, about where the race for Oscar is  at this early point? As it turns out, quite a bit.A good reception for key flicks playing this particular circuit has proved in recent years to be a reliable indicator of where Oscar could be headed, even though it is very early in the game and we also have to remember there is one more key early Fall festival on the horizon when the New York Film Festival kicks off September 28th with Ang Lee’s much anticipated Life Of Pi and closes October 14th with Robert Zemeckis’ Flight  starring Denzel Washington.

These two Oscar-winning directors have much buzzed-about new flicks so obviously the race is still taking shape.

But Toronto, for instance, has featured six of the last seven Oscar-winning Best Pictures in its lineup, an impressive feat.Coming out of Venice with guns blazing was Paul Thomas Anderson’s The Master, a multi-award winner there (although in a bit of controversy not the top Golden Lion).

The Weinstein Company flick also played ...... See Complete Article @ Deadline Hollywood