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Peter Weir, Keith R. Clarke, "The Way Back"
From the novel "The Long Walk: The True STory of a Trek to Freedom" by Slayomir Rawicz
Pro: Weir is a favorite of the Academy having been nominated six times previously, but has never won. While most of his nominations were in the directing category, he received a nod in 1991 for the original screenplay for "Green Card." Out of his last five features, Weir has only been denied an Oscar nod once, for "Fearless" in 1994.
Con: The historical epic is the first feature Weir has shot without a major studio behind it. It faces daunting competition on all fronts. Especially after mixed reviews following its screened at the Toronto and Telluride Film Festivals.