Even if the writers' strike does not conclude by February 24th, the Academy of Motion Picture Arts & Sciences claims they will still be holding an Oscar ceremony. According to Variety, it just won't be the usually kudos fest we are used to seeing.
At this time, The AMPAS is planning both the usual ceremony as well as an alternative show. Oscarcast producer Gil Gates would only say that the alternative show would be "played by ear." The most likely scenario finds the Oscar nominees writing their own introductions and speeches.
The Academy's annual Beverly Hilton lunch celebration for nominees will still be held on February 4th. Academy President Sid Ganis plans on writing his own speech for the occasion. He may also have to do that on Oscar night as well.