The 2021 Academy Awards may be postponed by four months, marking the most major shakeup in the 93-year history of the Oscars.

Oscars organizers are reportedly considering to postpone 93rd Academy Awards, which was planned to be held on February 28, as lack of new releases during coronavirus crisis threatened 2021 awards season.

The biggest event of the entertainment industry is under threat due to the lack of new films amid the Covid-19 outbreak, which has seen studios delay releases and shut down production on new projects.

According reports, organizers are in talks to push back the ceremony by up to four months.