After early predictions pegged the Meryl Streep and Julia Roberts starrer August: Osage County as a frontrunner for awards season 2014, the film has now picked up four awards at the Capri, Hollywood Film Festival.

Meryl Steep, Village Voice Obie Awards
Streep received the Best Actress awards, possibly setting her up for a successful awards season.

The film centers on the reunion on a dysfunctional family in which Streep plays the prescription drug addicted matriarch Violet. The Tracy Letts adaptation won Film of the Year, while Streep (naturally) won the Best Actress award for her role. The cast also picked up the Best Ensemble award. Co-star Chris Cooper was honored with a Lifetime Achievement award.

Watch the August: Osage County trailer below.

The success of Osage might provide some insight into the Oscars, since the Capri Festival judges have a history of awarding future Academy Award winners. Past Film of the Year laureates have included The Artist, The King's Speech and Slumdog Millionaire, which have all gone on to win the Best Film Oscar.

Chris Cooper, August: Osage County New York Premiere
Fellow Osage star received the prestigious Lifetime Achievement award.

The Capri award for Best Actor went to Idris Elba in Mandela: Long Walk to Freedom, while his co-star Naomie Harris won for Best Supporting Actress. Now you know who and what to look out for at the upcoming Golden Globes. The awards will be hosted by Tina Fey and Amy Poehler for the second year in a row and will air on January 12.

Idris Elba, Naomie Harris, Mandela: Long Walk To Freedom Premiere
Idris Elba and Naomie Harris were both awarded for their work on the Nelson Mandela biopic Mandela: Long Walk to Freedom.