The phrase "picture contender" refers to a movie or film that is likely to be considered as a potential winner or nominee for awards, such as an Oscar or a similar prestigious film award. Full definition
Well, look for Best Picture contenders and work your way back from there. (awardsdaily.com)
Remember: you need critics to see a movie to know if it's going to be a Best Picture contender at the very least. (awardsdaily.com)
Both are anchored to lead performances, both are in Best Picture contenders and both are beautiful young actresses whose stars are on the rise. (awardsdaily.com)