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Update, Tuesday March 1, 4:06 p.m.: The Academy of Motion Picture Arts and Sciences wants to clear up some things after making itself a Film Twitter villain last week. After Academy members received a letter stating that the Oscars will cut eight live award presentations from this year’s broadcast, AMPAS CEO Dawn Hudson and president David Rubin told Deadline what the changes will look like. Hudson assures fans that “every category will be celebrated on our live broadcast.” “The creative team and the production team will highlight the moments that count the most, the potent emotional speeches, likely the reaction when a name is called,” adds Rubin. “But there’s also a lot of that other time…