As the NYT explains it, I don't think it was fake news: There's video, and there's a transcript of what happened. We've got Warren Beatty and Faye Dunaway on stage and presenting, and the only reason I can think of why they'd give those two the honor of announcing the most important award is: White Privilege. Rich, old, white people. They rule America and they rule Hollywood. And of course, the white movie "La La Land" wins in their world. All the white La La people file up on stage to take the naked-man statuette, and they start blah-blahing about their la la-ing, and then it's: Oh, no, white people! There's a revolution! The real winner is "Moonlight," the black movie. All the black people come up on the stage. Yay! Victory! Things are not what they seemed! What you thought happened didn't really happen. Who you thought won didn't really win! Wake up from your nightmare! If only President Donald Trump were only a nightmare. Ha ha. La la. Blah blah.
Now, I know Faye Dunaway and Warren Beatty were Bonnie and Clyde. This here's Miss Bonnie Parker. I'm Clyde Barrow. We rob banks. American outlaws. To put those 2 together is to wink: the rules don't apply. And Warren Beatty has some political wit. (Isn't Trump a bit like Beatty's Bulworth?) So Beatty hesitates over the card, then hands it to Dunaway and she finally says "La La Land." The NYT reports that Beatty says that the card they looked at was the card for the Best Actress award, which said "Emma Stone/La La Land." That's an explanation for why they said "La La Land" for Best Picture? Obviously, that would be the wrong card, though it is a (feeble) excuse for saying "La La Land." It's the only name of a movie on the card.
I said I thought the NYT did a good job of reporting, using transcript and video. And they've got a quote from Beatty:
“I opened the envelope, and it said ‘Emma Stone, La La Land.’ That’s why I took such a long look at Faye and at you. I wasn’t trying to be funny. This is ‘Moonlight,’ the best picture.”I trust that he said that, but I don't know that he's not lying. He might have wanted to make the big political gesture. He might have thought it's justified because the world in which Donald Trump is President is not a normal world. Fair is foul, and foul is fair. You can do it and you can lie too. It's art, and it's poetic justice. White people — unhand that Oscar. Donald Trump — ungrab that pussy. Unbreak America's heart!
Warren Beatty for President.