Taylor Swift may be adding another major milestone to her already remarkable career.
The superstar is generating Oscar buzz for “I Knew It, I Knew You,” her original song for Disney and Pixar’s Toy Story 5, following a high-profile performance at the Academy Museum Gala in Los Angeles on Oct. 17.
View this post on InstagramSwift performed the song before a star-studded Hollywood audience, renewing speculation that she could earn her first Academy Award nomination for Best Original Song. Although a nomination is far from guaranteed, the beloved movie franchise, the song’s success, and Swift’s growing presence in Hollywood have put her in the awards-season conversation.
Why Taylor Swift’s ‘Toy Story 5’ Song Is Getting Oscar Attention
Swift co-wrote and produced “I Knew It, I Knew You” with longtime collaborator Jack Antonoff. Inspired by Jessie, the cowgirl doll voiced by Joan Cusack, the country-leaning ballad explores friendship, memories, and the ways relationships can change over time.
“We have seen her go through such heartbreak and such, you know, triumphs and loss,” Swift told ABC News of Jessie’s journey. “That really made me feel like I knew exactly what I wanted to write for her.”
The Toy Story franchise also has an impressive Academy Awards history. Every previous installment received a Best Original Song nomination, with Randy Newman’s “We Belong Together” winning for Toy Story 3. That track record could help draw attention to Swift’s contribution.
Could Taylor Swift Actually Win an Oscar?
Swift has collected numerous Grammy Awards, but she has yet to receive an Oscar nomination. Her new song gives her a fresh chance to enter the Academy Awards race, and her Oct. 17 performance put it in front of influential figures in the film industry.
There are reasons to be optimistic, but no guarantee of success. The Academy’s deadline for original-song submissions was Oct. 14, and it will announce the shortlist on Dec. 15. The final nominees will be revealed Jan. 21, 2027. Whether Swift’s song makes the cut remains to be seen.
Should she be selected, she would be entering a particularly competitive field.
Legendary songwriter Diane Warren received her 17th Oscar nomination in 2026 without winning a competitive Academy Award, setting a record for the most nominations without a win. Swift’s potential path to her first nomination would put her in the same race as songwriters who have spent decades pursuing Hollywood’s highest honors.
For now, Swift’s Oscar prospects are intriguing, not certain. But with a major franchise behind her and awards-season attention building, her path to Hollywood’s biggest prize is worth watching.
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