This undated publicity photo provided by Merchant Ivory Productions shows Oscar-winning screenwriter and award-winning novelist Ruth Prawer Jhabvala (center) with film director and producer Ismail Merchant (left) and director James Ivory in a studio. Jhabvala, 85, died in New York on Wednesday. AP hide caption

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Life of Pi won an Oscar for Best Visual Effects, but the studio that helped bring to life the tiger Richard Parker is now facing bankruptcy in a increasingly volatile industry. AP via Twentieth Century Fox hide caption

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As master of ceremonies for the big bash, we first introduce funnyman Seth MacFarlane who is serious about his NPR love. A lesser known fact, the Ted writer-director also wrote lyrics for the film's song, "Everybody Needs A Best Friend," nominated in the music - original song category. (http://n.pr/LJhGvU) Melissa Kuypers/NPR hide caption

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