1994 Academy Awards: "Philadelphia" by Neil Young
Neil Young's "Philadelphia" received an Academy Award nomination in 1994 and he performed the song during the Oscar ceremony. Young's wife Pegi and sister Astrid sang on background vocals.
Both Bruce Springsteen and Young were nominated for Best Song in a film for Jonathan Demme's "Philadelphia". Bruce's nominated song was the film opening "Streets of Philadelphia" and Neil's was the closing title track "Philadelphia".
Bruce Springsteen won the Oscar award for his song "Streets of Philadelphia". In his acceptance speech, Springsteen acknowledged Young and said that the award really deserved to be shared by the other nominee's song.
Another sidenote. When Jonathan Demme first heard Neil Young's score for the movie "Philadelphia" while driving, he was so overcome with emotion that he had to pull over to the side of the road to recover.
"Here's the final heart breaking scene as it plays over the "family movies" of the characters as children. If anyone can watch that scene with this song playing over it and now be moved...well. you just don't have a heart." (Thanks for link El.)
More on Film Director Jonathan Demme and Neil Young.