Randy Newman was awarded the 2011 Best Song Oscar for this song, which he composed for Toy Story 3. The singer-songwriter also earned an Academy Award in 2002 for his original song "If I Didn't Have You," from the animated film Monsters, Inc. Newman noted that this is only his second Oscar win despite receiving twenty nominations over the years. There were only four songs nominated for the award in 2011, prompting Newman to joke, "cinematography has five, what, they couldn't find a fifth song?," before delivering the punch line that if there had been a fifth contender they'd most certainly have beaten him.
Speaking with reporters after the ceremony, Newman continued to be in self-deprecating mood, calling the song "not the most consequential" piece of music he has composed for a film. He added that he felt his music for previous films such as A Bug's Life, Toy Story 2, The Natural, Ragtime and,Awakenings had much more impact on the movie's atmosphere.
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