In the 89 years that the Academy Awards have been held, over 40 musicals have either been nominated for or have won an Oscar for Best Picture, including this last December's LA LA LAND. The first musical to ever win Best Picture was THE BROADWAY MELODY at the second Academy Awards in 1929. The film starred Charles King, Eddie Kane, Bessie Love and Anita Page
SOURCE: BroadwayWorld at 10:00AM on February 23, 2017