The Tamil-language drama follows an alcoholic abusive husband who, after his long-suffering wife runs off, sets out with his young son to find her and bring her back.
The award is given to "honour extraordinary distinction in lifetime achievement, exceptional contributions to the state of motion picture arts and sciences, or for outstanding service to the Academy".
The award ceremony, which was earlier set for February 27, will now be held on March 27, 2022, the AMPAS said in a statement.
There's no award that can validate Chadwick Boseman's legacy, says actor Michael B Jordan on Oscar snub
The best actor Oscar went to Anthony Hopkins, who did not attend the socially-distanced ceremony but honoured Boseman in his speech.
The Oscars made several changes to the telecast this year, due both in part to Covid and constantly dropping ratings.
Craig, who was supposedly going through a rough patch in his life, found hope in the form of an octopus in the Great African Sea Forest.
The Black Panther star's brother said that he doesn't view Chadwick not winning an Oscar for Best Actor as a snub because "every nominated actor was excellent and deserving of the award."
Though Hopkins was not available during the event, the actor posted a video message later to acknowledge the award and thank the Academy.
The award marked McDormand’s third win, after ‘Fargo’ in 1997 and ‘Three Billboards Outside Ebbing, Missouri’ in 2018.
WATCH | 'I didn't smell him, I'm not a dog': Youn Yuh Jung responds to media after viral moment with Brad Pitt on Oscar stage
Youn, who delivered perhaps the most memorable acceptance speech of the 2021 Oscars, has been trending over social media after her remarks on Pitt.
A surprised Hopkins, who did not attend the ceremony, spoke to fans from Wales in a video message on Twitter.
Zhao became the target of a nationalist backlash after social media users dug up years-old interviews in which she appeared to criticise her country of birth.
Emerald confirmed that she's pregnant and expecting her second child with her husband Chris Vernon.
The one-minute and 30 seconds long teaser kicked off with various morning shots of New York City, accompanied by the all-too-familiar whistling sound.
While Anthony Hopkins and Frances McDormand won the awards for best actor and actress respectively, Danish movie 'Another Round' win the best foreign film.