Actually, long running films have done well with the Academy Awards. Godfather II, Schindler's List, Titanic, Lawrence of Arabia. Gone with the Wind won everything and it ran for four hours. Me thinks that if people comment on a movie as being 'too long', then what they're really saying is that it dragged in far too many places. Storytelling is an 'art', just the same as film making, but being good at one doesn't always mean you're particularly good at the other.
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Ain't much of a crime, whacking a surly bartender
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