Boyhood Didn’t Win Best Picture But Could Get a Sequel IFC Films Just because Boyhood didn’t win Best Picture last night doesn’t mean its Oscar hopes are over. Remember, The Lord of the Rings didn’t win Best Picture on its first try, either, but after two sequels, Peter Jackson’s series received the honor. Maybe we just need to wait for Boyhood 3? Of course, given the way the first one was shot, it would probably take a quarter of a century to see that happen. Or maybe not.