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In February 2000, American Beauty was nominated for eight Academy Awards ; its closest rivals, The Cider House Rules and The Insider, received seven nominations each.

In March 2000, the major industry labor organizations all awarded their top honors to American Beauty ; perceptions had shifted — the film was now favorite to dominate the Academy Awards.

American Beautys closest rival for Best Picture was still The Cider House Rules, from Miramax.

Both studios mounted aggressive campaigns ; DreamWorks bought 38 % more advertising space in Variety than Miramax.

On March 26, 2000, American Beauty won five Academy Awards: Best Picture, Best Director, Best Actor ( Spacey ), Best Original Screenplay and Best Cinematography.

At the 53rd British Academy Film Awards, American Beauty won six of the fourteen awards for which it was nominated: Best Film, Best Actor, Best Actress ( Bening ), Best Cinematography, Best Film Music and Best Editing.

In 2000, the Publicists Guild of America recognized DreamWorks for the best film publicity campaign.

In September 2008, Empire named American Beauty the 96th " Greatest Movie of All Time " after a poll of 10, 000 readers, 150 filmmakers and 50 film critics, the 3rd highest ranked movie from 1999 ( behind Fight Club and The Matrix ).