The Independent has an article titled, "Shawshank Redemption voted 'best Oscars also ran," in which they note, "The Shawshank Redemption has been hailed by movie buffs as the greatest film to miss out on a best picture Oscar." and, "Shawshank was followed in the list by The Green Mile, which was made by the same director, Frank Darabont. Both films were based on stories by novelist Stephen King."
The website offers this interesting list:
Here's the top ten films, with what actually won in parenthesis.
1. The Shawshank Redemption (lost out to Forrest Gump in 1995)
2. The Green Mile (lost out to American Beauty in 2000)
3. Avatar (lost out to The Hurt Locker in 2010)
4. Saving Private Ryan (lost out to Shakespeare In Love in 1999)
5. E.T. the Extra Terrestrial (lost out to Gandhi in 1983)
6. Star Wars (lost out to Annie Hall in 1978)
7. Mary Poppins (lost out to My Fair Lady in 1965)
8. Doctor Zhivago (lost out to The Sound of Music in 1966)
9. Pulp Fiction (lost out to Forrest Gump in 1995)
10. To Kill a Mockingbird (lost out to Lawrence of Arabia in 1963)
The full article is HERE.