Final answer:
An actor does not receive an additional Oscar if the film they are in wins for Best Picture, as the Best Picture award is given to the producers. The Oscars are significant in recognizing individual and movie achievements, and have also been a focal point for discussions about diversity in Hollywood.
Step-by-step explanation:
When an actor wins an Oscar for Best Actor, they do not receive an additional Oscar if the movie they are in also wins an award; these are separate categories. The Oscars for Best Picture are typically awarded to the producers of the film, not to the actors, unless the actor was also a producer on the movie. Katherine Hepburn holds the record for the most Academy Awards won by an actor, and Walt Disney has the record for the most nominations and wins overall.
The Oscars also shed light on the stories Hollywood chooses to tell through the movies made and who is selected to tell these stories. This is part of the reason why controversies like #OscarsSoWhite emerged, as they highlighted the lack of diversity in nominations and the types of roles that were being recognized. This sparked a dialogue about diversity and representation in Hollywood.