Salma Hayek was divine in 'Frida'. It was a very passionate and humane performance. But Nicole Kidman was also terrific in 'The Hours'. Don't forget that Kidman only had 30 minutes of screen time in 'The Hours' and the impact she left on many people was huge. It was a very complex and intelligent performance. Very subtle, esoteric and quiet. They both used different acting methods, had totally different artistic approaches to the material and vastly different characters to portray. They were both great.
Julianne Moore was also stunning in 'Far From Heaven'. Subtlety at its best. A very restrained and deeply complex performance.
Renee Zellweger was really fun in 'Chicago', too. Despite not having a great voice, she pulled it off, she had fantastic screen presence, she was funny, cunning and alluring and was really entertaining.
Diane Lane was the least impressive of the bunch, in my opinion, but that wasn't her fault. In the first half of the film she was spectacular, but the second half of the film was bad and her character didn't have any interesting development, unfortunately. But it was still a very good performance.
I think that the 2003 Academy Awards were really interesting. The competition was very tough. Personally, I thought that Moore was the best of the nominees, but I am perfectly fine with Kidman's Oscar.
Kidman has proved she's a very versatile and talented actress. To Die For (1995), Eyes Wide Shut (1999), The Others (2001), Moulin Rouge (2001), The Hours (2002), Dogville (2003), Birth (2004), Margot at the Wedding (2007) and Rabbit Hole (2010) are all great performances.
By the way, they didn't give the Oscar to Kidman because she lost for 'Moulin Rouge'. The frontrunner that year was Sissy Spacek for her work in 'In the Bedroom'. Halle Berry stole the spotlight in the very last month before the Oscar ceremony and eventually won the Oscar. Third in line was probably Judi Dench for her work in 'Iris' (who won the BAFTA award for Best Lead Actress). Nicole Kidman was forth and Zellweger was fifth. So yeah. It's not like they gave the Oscar to Kidman because she lost to Berry the previous year.
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