Can Madonna snag Oscar after Golden Globe shocker?

UPDATE: The rules for Best Song at the Oscars say that only the first music cue played over the end credits is eligible for consideration. As director, Madonna goofed when she didn’t start her tune until 90 seconds into the end credits. 

After claiming victory at the Golden Globes, the Material Girl would have been a serious contender at the Academy Awards for the song “Masterpiece” from the movie she directed “W.E.” She penned the tune with Julie Frost and Jim Harry. While the film was a critical bomb, the Hollywood Foreign Press has been such a supporter of Madonna over the years that it was no surprise when her name was called.

With seven career Globe nominations under her belt and now two wins — her first was for Best Comedy/Musical Actress for “Evita” (1996) — the controversial singer/actress almost moved one step closer to receiving that elusive Oscar. Hey, if Eminem (“8 Mile,” 2002) and Three 6 Mafia (“Hustle & Flow,” 2005) can be called Academy Award winners, why not Madge?

The seven-time Grammy winner would have faced formidable competition in the race for Best Original Song, including Elton John and Lady Gaga (“Gnomeo and Juliet”), Chris Cornell (“Machine Gun Preacher”), Sinéad O’Connor (“Albert Nobbs”) and Mary J. Blige (“The Help”). But even if she were eligible, a Golden Globe win doesn’t always translate into an Oscar. Just last year Diane Warren won for a track from “Burlesque” but was snubbed at the Academy Awards.

Madonna is the talk of the town today thanks to her banter with disappointing Globes host Ricky Gervais. When the emcee introduced her by mocking her “like a virgin” status, Madonna retorted, “If I’m still just like a virgin Ricky, then why don’t you come over here and do something about it? I haven’t kissed a girl in a few years. On TV.” Gervais then darted across the stage behind her, making for one of the Globes’ most memorable moments.

Below, Madonna takes the stage to accept her Golden Globe.

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