Taylor Swift has achieved a significant milestone with her new song, "I Knew It, I Knew You," featured in "Toy Story 5." The track was instantly added by all 157 country radio stations that report to Mediabase's country chart on June 10.

This event is particularly notable as it marks only the fourth time such a widespread and immediate add has occurred in country radio history, and the first for a female artist.

This development is significant because Swift had publicly distanced herself from country music before her 2015 album, "1989," yet now finds the genre's gatekeepers welcoming her back.

The song's success at country radio has also sparked discussions about its potential to earn Taylor Swift her first Oscar nomination.

"I Knew It, I Knew You" is now being considered a contender for Best Original Song at the upcoming Academy Awards.

While the Motion Picture Academy's music branch will make the initial decisions on shortlists and nominations, the possibility of an Oscar for Swift, and co-writer-producer Jack Antonoff, is generating buzz among fans.

Swift has a history of contributing songs to films over the past 17 years, though an Oscar nomination has eluded her.

Previous contenders included "Safe & Sound" from "The Hunger Games," "I Don't Wanna Live Forever" from "Fifty Shades Darker," "Beautiful Ghosts" from "Cats," "Only the Young" from her documentary "Miss Americana," and "Carolina" from "Where the Crawdads Sing." While "Beautiful Ghosts" received a Golden Globe nomination, "Carolina" came closest to Oscar recognition by making the Academy's 15-song shortlist.

The Academy's music branch is known for not being swayed by celebrity, so a popular movie theme does not guarantee further advancement.

Beyond Swift's personal achievement, an Oscar win for "I Knew It, I Knew You" could also address historical oversights by the Academy.

The Academy has a mixed record with "Toy Story" songs, notably not awarding Randy Newman for iconic tracks like "You've Got a Friend in Me" or "When She Loved Me," though he later won for "Toy Story 3's" "We Belong Together." Additionally, the Academy has a limited history of recognizing country music, with no actual country hit ever winning an Oscar.

While a few non-charting songs with country leanings have won, a win for Swift's country-pop tune could represent a significant moment for the genre at the Oscars.