The Oscars took place Sunday night under torrential rain so heavy that it threatened to rip through the white tent sheltering the celebrity fabulousness on the red carpet. You'd be excused if you assumed this downpour to be a symbol of the sweeping cultural changes to which the Motion Picture Academy, and Hollywood in general, have failed to fully adapt.

While South Korean film Parasite made history on Sunday by becoming the first-ever foreign language film to win an Oscar for Best Picture, the Academy Awards ceremony broke another record by reaching the smallest live American TV audience in its history. The glamorous event has been a TV favorite for decades but it has been experiencing a slide in viewers in recent years with the number of people tuning in on Sunday night slumping 20% to 23.6 million. The figures were released by Nielsen and represent a sharp decline on last year's 29.5 million viewers.

A parade of monied Hollywood A-Listers preached down to the rest of us about equality at this year’s Oscars ceremony all while collecting a $225,000 swag bag.

This year’s swag bag, put together by LA-based Distinctive Assets, came with free cosmetic surgery, a cruise on a luxury yacht, dating services, gold-plated vaping devices, and more, according to reports.

“It’s the highest value we’ve ever put together,” Distinctive Assets founder Lash Fary said.

There comes a time in an actor’s life when they find themselves seated in the Dolby Theater for the 12th consecutive hour, and they are either working on their face of gracious defeat for when their name is not called out as a winner, or they are optimistically going over a victory speech in their head, ensuring they don’t forget this producer or that agent or that grip on stage.

This Abridge News topic aggregates four unique arguments on different sides of the debate. Here are the quick facts to get you started:

THE QUICK FACTS