Best Actor
Winner: Peter Finich for Network
Stallone should have won. He created a character that is and was iconic.
Best Supporting Actor
Winner: Jason Robards for All the President's Men
This makes sense only because both Burgess Meredith and Burt Young were nominated. If only 1 is nominated, they likely win. Burgess should have been the one nominated and won.
Best Actress
Winner: Faye Dunaway for Network
I strongly believe Talia Shire should have won even more than Sly. I understand why Finich won because of the "Mad as Hell" speech. But Talia was so good in how her character changed throughout the movie. And she should have been nominated for Rocky III for that beach scene alone.
Directing
Winner: John G. Avildsen for Rocky
This was by far the right choice.
Film Editing
Winner: Rocky
Again, it is the right choice.
Music (Original Song)
Winner: A Star Is Born
Gonna Fly Now is one of the best songs ever for a movie. I can see maybe why since it didn't have a powerful singer leading it to why it might not have won.
Best Picture
Winner: Rocky
The obvious choice.
Sound
Winner: All the President's Men
The sounds in the fight are really great, so I can see why it was at least nominated. Hard to say if it should have actually won.
Original Screenplay
Winner: Network by Paddy Chayefsky
This is the biggest mistake. Stallone should have won this award. His screenplay is brilliant, and the movie is great because of it.
A couple of categories I'm surprised it wasn't nominated for are Cinematography and Music Original Score. For Cinematography, they actually came up with new techniques to get the running and boxing shots. It deserved nomination. And Bill Conti created a masterpiece score for the movie. Much better than the Omen that won. That is another grave mistake.
