The Oscars may be canceled for the first time in its 96-year history due to the wildfires raging across Los Angeles. The 97th Academy Awards face an unprecedented crisis as official Academy Award committees, led by A-listers including Tom Hanks, Meryl Streep, Steven Spielberg, and Emma Stone, are monitoring the situation daily. A secret contingency strategy is reportedly in place for the March 2 awards ceremony to be called off, as per the U.S. Sun. There's a growing concern that proceeding with the show could be seen as tone-deaf given the recent destruction. “The board’s main concern at this time is to not look like they are celebrating while many Los Angelenos are dealing with heartbreak and unimaginable loss,” an insider told the publication. “And certainly, even if the fires went out in the next week, the reality is that the city is still hurting and will be dealing with that pain for months,” the insider added.