In a statement, the Academy said it deeply regretted the error made at the prestigious awards ceremony while giving away the best picture trophy.
Presenters Warren Beatty and Faye Dunaway received the wrong envelope and mistakenly announced "La La Land" as the winner, only for "Moonlight" to be revealed as the real winner.
"We deeply regret the mistakes that were made during the presentation of the Best Picture category during last night's Oscar ceremony. We apologize to the entire cast and crew of 'La La Land' and 'Moonlight' whose experience was profoundly altered by this error," the statement read.
The staement said PricewaterCooperson, the accounting firm in charge of tabulating nominations and votes for the Oscars, has assumed full responsibility for the snafu.
"For the last 83 years, the Academy has entrusted PwC to handle the critical tabulation process, including the accurate delivery of results. PwC has taken full responsibility for the breaches of established protocols that took place during the ceremony."
The Academy said the matter is being investigated.
Meanwhile, PwC has issued another apology where they have once again taken "full responsibility" for the goof-up.
"PwC takes full responsibility for the series of mistakes and breaches of established protocols during last night's Oscars," the new statement read.
"For the past 83 years, the Academy has entrusted PwC with the integrity of the awards process during the ceremony, and last night we failed the Academy."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
