See the complete list of Oscar nominations here.
Netflix is hoping Roma, which won the Golden Globe for best foreign language motion picture, will carry it to the throne.
And though Netflix did put both movies in theaters-in a very limited, four-walled way-I wonder if the convenience of their release platform actually worked in their favor this time.
Though many expected "A Star Is Born", Bradley Cooper's tear-inducing revival of one of Hollywood's most oft-remade show-business myths, to top nominations, Cooper was surprisingly overlooked as director and the academy instead put its fullest support behind a pair of smaller films by global directors.
Oscars 2019: Biggest snubs and surprises from the Academy Award nominations
But the statistical quirks that the annual event throws up can be as intriguing as tracking which movies get the most nods. Lee has previously been nominated in the Best Original Screenplay and Best Documentary Feature categories.
The nominees for Best Actor are Christian Bale (Vice), Willem Dafoe (At Eternity's Gate), Bradley Cooper (A Star Is Born), Rami Malek (Bohemian Rhapsody), and Viggo Mortensen (Green Book), while Best Actress consists of Olivia Colman (The Favourite), Glenn Close (The Wife), Lady Gaga (A Star Is Born), Melissa McCarthy (Can You Ever Forgive Me?), and Yalitza Aparicio (Roma).
"The Favourite" is leading the pack alongside Mexican director Alfonso Cuaron's "Roma". The Christopher Nolan Batman movie earned eight nominations. He did, however, receive a Best Actor nod. A star is born, indeed. Despite an enviable string of awards and more than $400 million in worldwide box office, Cooper's lauded remake was nearly totally ignored at the Golden Globes.
Lee has a chance to take home the trophy for best director, best picture and best adapted screenplay for "BlacKkKlansman", which was nominated in three other categories.
By contrast, last year's ratings sank to an all-time low of 26.5 million viewers, per Nielsen data - a drop of almost 20% from the previous year, and way off from the more than 40 million the telecast attracted as recently as in 2013 and '14.
While numerous categories went as expected, the Oscars does like to keep us on our toes with a few curveballs sure to delight and enrage fans of certain films, and the 2019 nominations was no different in that regard. The late Gil Cates - who produced the telecast 14 times - was fond of saying it's the unplanned moments that people remember most, which only come courtesy of "the award-show gods".