'' Million Dollar Baby '' received the award for Best Picture of 2004 at the 77th Academy Awards . Clint Eastwood was awarded his second Best Director Oscar for the film , and also received a Best Actor in a Leading Role nomination . Hilary Swank and Morgan Freeman received Best Actress in a Leading Role and Best Actor in a Supporting Role Oscars , respectively . Joel Cox , Eastwood 's editor for many years , was nominated for Best Film Editing , and Paul Haggis was nominated for the Best Adapted Screenplay award . The film was named the third " Best Film of the 21st Century So Far " in 2017 by '' The New York Times ''
77th Academy Awards
77th Academy Awards
Million Dollar Baby