Taylor Swift’s latest musical endeavor, “I Knew It, I Knew You” from the “Toy Story 5” soundtrack, has taken the charts by storm. As of Monday, June 22, 2026, the song has claimed the top spot on the Billboard Hot 100 while the film itself has achieved the highest-grossing opening weekend of the year so far. These milestones have sparked discussions about the song’s potential to become a frontrunner for the Academy Award for Best Original Song.
However, despite these impressive achievements, there are nuances to consider regarding the song’s eligibility and impact within the film. Let’s delve into the factors that could influence its Oscar prospects.
Swift’s Musical Legacy and “Toy Story” Connections
Taylor Swift’s collaboration with Pixar marks another significant milestone in her illustrious career. Known for her ability to craft emotionally resonant lyrics, Swift has previously contributed to film soundtracks, including “Safe and Sound” from “The Hunger Games” and “Carolina” from “Where the Crawdads Sing”. Her songwriting prowess and the timeless appeal of her music make her a strong contender in the Best Original Song category.
The “Toy Story” franchise has a rich history of memorable songs, with Randy Newman‘s “You’ve Got a Friend in Me” serving as its anthem. However, it was “When She Loved Me” performed by Sarah McLachlan that left an indelible mark on audiences with its poignant portrayal of Jessie’s emotional journey. This legacy sets a high bar for Swift’s contribution to the franchise.
The Role of Music in “Toy Story 5”
In “Toy Story 5,” Swift’s song plays a crucial role in the narrative, particularly in a scene where Jessie, voiced by Joan Cusack revisits her original owner’s home. This emotional reunion underscores the themes of love, abandonment, and the enduring impact of one’s actions. However, unlike previous “Toy Story” films where songs were integral to key scenes, “I Knew It, I Knew You” is featured during the end credits.
This placement has sparked debates among Academy members, as post-credits songs have historically faced scrutiny regarding their eligibility for the Best Original Song category. Despite this, the song’s bouncy simplicity and timeless appeal have garnered praise, positioning it as a strong contender.
Swift’s Oscar Journey and the Road Ahead
Taylor Swift’s journey to the Oscars has been marked by both success and near-misses. Her song “Carolina” from “Where the Crawdads Sing” was shortlisted in 2026, earning her an invitation to the Academy’s Music Branch the following year. This recognition highlights her growing influence in the film industry.
As we approach the Oscars, Swift’s “I Knew It, I Knew You” faces competition from other notable songs, including those by Lady Gaga and Charli XCX. However, with six more months left in 2026, there is ample time for another artist or director collaboration to emerge and capture the attention of voters.
The dynamics of the Best Original Song category are complex, and Swift’s star power alone may not guarantee a nomination. Nevertheless, her proven ability to create emotionally resonant music and her deep connection with audiences make her a formidable contender.
