La Bola Negra’s “La Nieve” leads early trader sentiment for 2027 Best Original Song nominations after the film’s strong festival run, including a Toronto People’s Choice win, and its prominent placement in a high-profile Netflix musical drama. Other notable contenders include Taylor Swift and Jack Antonoff’s “I Knew It, I Knew You” from Toy Story 5, buoyed by chart performance but tempered by Academy scrutiny of end-credit usage and in-film integration; A24’s “The Debut” track; Laika’s “The Better Part of Bravery” from Wildwood; and additional entries from Diane Warren and emerging artists like Noah Kahan. Submissions closed October 14, narrowing the field ahead of the December 15 shortlist and January 21 nominations. Guild and precursor attention, plus campaign visibility for integrated songs, will shape momentum in this crowded category.