The Telluride Film Festival, already a bellwether for awards season, hosted a surprise screening of Nathan Fielder and Lance Oppenheim’s audacious documentary “You Can See Everything,” which chronicles the rise and fall of Theranos founder Elizabeth Holmes. Critics at the festival praised the film’s bold storytelling and cinematic craft, prompting immediate chatter that it could be a dual‑category Oscar contender.

Fielder, known for his comedic work, and Oppenheim, whose profile has surged this season, co‑wrote and directed the feature. The documentary will open in theaters on Oct. 16 through A24, a distributor that acquired the rights after the festival buzz.

Industry insiders at Telluride described the response as “rave” and noted that the film’s blend of investigative rigor and stylistic flair sets it apart from typical documentary fare, fueling speculation that it could break the traditional barrier between documentary and narrative categories at the Oscars.

The surprise screening came amid a packed festival calendar that also saw other potential Oscar hopefuls, such as the Chris Hansen‑inspired thriller “Primetime” starring Robert Pattinson and the biopic “I Play Rocky” starring Anthony Ippolito, but “You Can See Everything” has emerged as the most talked‑about title for both documentary and best‑picture conversations.

While the Academy’s rules allow a documentary to be submitted for Best Picture, the rarity of such a crossover makes the early buzz noteworthy. If the film maintains its momentum through the awards season, it could reshape expectations for documentary films at the Oscars.