The U.K. tabloid The Sun posted a story to its website on Tuesday evening suggesting that the Academy is consulting a committee of A-listers about whether to proceed with the ceremony on March 2.

The Academy Awards ceremony is not in danger of being cancelled, industry sources have assured. Doubts about the staging of this year's lavish event came from tabloid newspaper The Sun, which suggested that a committee including Hollywood stars Meryl Streep and Tom Hanks were currently assessing options for the event.

There is no official word if the 97th annual Academy Awards will be canceled. As of Jan. 14, 2025, the show is slated to air on its original date. Though the Oscars ceremony is set to go on as planned, the annual Oscars Nominees Luncheon—scheduled for Feb. 10—was canceled.

Oscar nominations for the 97th Academy Awards have been delayed again due to Los Angeles-area fires. The announcement is now set for Jan. 23, with voting extended to Jan. 17.

The Oscars will take place in March 2025. Learn below who some of the predicted winners of the upcoming awards show might be.

For the first time in its 96-year history, the prestigious Oscars may be cancelled due to the devastating wildfires tearing through Los Angeles. As Tinseltown's elite gear up for the glitzy event planned for March 3,