This doesn't just apply to the Academy Awards, but as well as Golden Globes, Annies, and/or various others
I think it'd be hilarious. Remember how butthurt people got when Frozen won? Multiply that by about fifty, and I think you'll come close to the amount of misspelled rants and man-tantrums an MLP win would cause.
That would be awesome!!! I'm not really one to relish in pissing people off but I'm sure I'd be laughing right along with Rid.
I'd be shocked if it was even nominated. If it won... I'm not sure how I would feel. It would probably be a mix of laughter, happiness, and "IN YOUR FACE BRONY HATERS"
I think I would have to check whether I'm dead. Then if I'm dreaming. Then if I'm on anything. Then I would check for signs that the world suddenly broke like throwing around pencils to see if they land just to check gravity is still a thing. Then, I'd check outside, see if there were aliens or if any deities had shown up. Then I'd check online to see if there were any odd occurrences like reported sightings of pigs flying or blizzards in Hell. If all that checks out as normal, then I'd assume the entire lot of them had gone mad. But I'd be pleased. Seriously, the people that choose the winners of these things neglect stuff all the time. Huge summer blockbusters that captures the heart of billions are never really recognised in the same way as some vapid arty movie only a handful watched but it was about acting so it swept them all.
It won't. The Oscars are essentially the Newberry Medal of cinema. It doesn't really mean anything other than "Oh look, a bunch of 70-year-old white people like what you did! Yay, you!" And those 70-year-old white people only like melodramatic "based on a true story" lovey-goo-goo crap. If they nominate a movie that isn't like that, they're just pandering to whatever movie America liked the most the year before, just so they can claim they are open-minded, when really they're just a bunch of stuck-up aristocrats who like to wave around their opinions like a ticket to the Wonka Chocolate Factory.