We will have to see how Free Guy, The King's Man, and West Side Story does next year.Films do have a cost and if they are essentially a wash they become pointless. The big budget films did really bad though this year and one got sold to Netflix which never is a good sign. (Alita, Ad Astrada, Terminator, Dark Phoenix, etc.)
I do know that Disney probably is mad that Fox Searchlight didn't receive as much award attention as they liked this year despite them releasing Tolkien, A Hidden Life, and Jojo Rabbit.