Lionsgate/Roadside Attractions
Redford starred in November's critically acclaimed "All Is Lost," which earned a single Oscar nod for Achievement in Sound Editing but the Academy failed to recognize Redford's demanding performance as a resourceful sailor lost at sea.
"Let me speak frankly about how I feel about it," Redford told reporters at a Sundance press conference, according to Variety. "I don't want that to get in the way of why we're here."
"There's a lot of campaigning going on and it can be very political," he added about the Oscars race. "In our case, we suffered from little to no distribution. I don't know what they were afraid of. They didn't want to spend money or they were incapable."
Redford is referring to the film's distributor Roadside Attractions, which is partially owned by Lionsgate.
"We had no campaign to cross over into the mainstream," Redford said of the film's failed distribution.
Since its November release, "All Is Lost" has gone on to earn a measly $6.1 million at the box office.
But at the end of the day, the veteran actor says there are no hard feelings.
"Would it have been wonderful to be nominated?" he asked. "Of course. I'm not disturbed by it or upset by it."