Christopher Nolan’s The Odyssey has anchored the 2027 Best Picture race since its July release, combining blockbuster earnings with strong reviews and broad industry support that positions it as the clearest path to a nomination. Festival momentum has elevated La Bola Negra, which captured Toronto’s People’s Choice Award after its Cannes debut and now stands as the strongest challenger with guild-friendly storytelling and international appeal. Dune: Part Three, Project Hail Mary, Wild Horse Nine, and the documentary You Can See Everything round out the core contenders, each benefiting from precursor buzz or critical scores. With the eligibility window closing December 31 and nominations voting set for January 11–15, early guild nominations and the December shortlist announcements will clarify which titles secure the ten slots.