Results are interesting - especially if they put a spotlight on something you hadn't seen - but can't come up with any reason to watch the ceremony.

It would be like a soccer fan watching The World Cup, but instead of a watching soccer actually being played, they just flash up an unattributed final score, and then the winner is invited to make a speech about how they and their team played.

Ceremony isn't about TV, films or music - its just a chance to watch the celebrities.

This can be enhanced greatly my a host (I'm thinking Ricky Gervais at golden globes) just skewering both the organizers, presenters and recipients - but that's just a "baited roast"

Short term the results are irrelevant. But long term they play a role in who gets access in Hollywood. Winning an Oscar means that you have more opportunities in terms of roles/budgets/resources etc. The things that happen at the academy awards have an effect on what people have an option to see in the future.

Really they shouldn't, but many people like to watch celebrities and hear their opinions.

From what I understand, in Roman times people had very different views on actors and these people would generally not be taken seriously [0]. However these days whenever a big movie actor has something to say on say ... COVID or Russia or Climate, people listen.

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[0]: http://ancient-romans.com/actors-the-lowest-social-class-in-...

I'll sometimes glance at the annual Steam awards lists for video games I didn't notice.

Maybe someone would do the same for movies.

They shouldn't. This is just a televised industry convention.