Guillermo del Toro
"It's not my property, it’s not my money," del Toro said of the project's demise.
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A number of nominees and former winners have criticised the Academy's decision.
She referred to the nominees as 'four men and Greta Gerwig'.
'Del Toro unveils a beautifully told story of the very best - and very worst - of human nature.'
The film garnered 13 Oscar nominations earlier this week.