Do Sandra Bullock + Meryl Streep + Oprah Winfrey = Oscar glory?

“Sex and the City” impresario Michael Patrick King recently set the movie world abuzz with the news that his next big-screen picture would be an ensemble anchored by three A-List dames: Sandra Bullock, Meryl Streep and Oprah Winfrey.

The as-yet-untitled film will be released by Universal and King is working on the script right now. He is expected to call “Action!” next summer or autumn, pending the availability of its three leading ladies. notes the script explores the inner workings of a home shopping cable network “where characters make their way through the maze of mania that surrounds marketing, marriages and the media.”

No, this doesn’t sound like the type of socially uplifting fare that Oscar tends to swoon over. But its awards pedigree automatically makes it a contender worth watching: Bullock, of course, won the Academy Award on her first-ever nomination for “The Blind Side” earlier this year.

And all Oscar watchers know Ms. Streep has racked up a leading 16 nominations — 13 lead nods, three in supporting — and two wins. Three of those citations came in the last four years alone (the Betty White renaissance has nothing on Lady Meryl).

Winfrey has a 1985 supporting-actress Oscar nod for “The Color Purple” (she lost to Anjelica Huston for “Prizzi’s Honor”) to supplement her dizzying array of showbiz hardware.

King didn’t earn very much awards recognition for the first “Sex and the City” flick, nor is he expected to contend for its sequel. (He does have one Emmy win from 11 nominations for his TV work.)

Perhaps Oscar won’t shine upon his new venture, either. But King certainly has earned a rep for getting great work from female stars, a la Oscar champ George Cukor. After corralling that famous quartet of Sex-y ladies for so many years, wrangling awards-worthy work from three new big screen divas shouldn’t be too difficult, right?

Photo: Sandra Bullock and Meryl Streep at the 2009 Critics’ Choice Awards (BFCA)

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