Read Ryan Murphy’s tribute to Demi Moore here. Here’s what you already know: at the 2025 Oscars, Demi Moore—the favorite for Best Actress, for her performance in The Substance—lost the award to Anora star Mikey Madison.

Demi Moore expected Mikey Madison to win the Academy Award for lead actress, she recently told Time magazine. “I don’t know why I knew, but I did,” Moore said in the interview. “I was so centered and calm.

Demi Moore isn’t taking her surprise Academy Awards loss to heart. Moore was widely seen as this year’s front-runner for the Best Actress Oscar for “The Substance,” in which she portrays a fading Hollywood star who goes to deadly extremes to appear youthful.