Tootsie and financial success, the second most profitable film of 1982, and was nominated for ten Academy Awards including Best Picture. Lange was the only winner, for Best Supporting Actress. In 1998, the Library of Congress deemed the film "culturally, historically, or aesthetically significant" and selected it for preservation in the National Film Registry. The theme song, "It Might Be You", was performed by Stephen Bishop, with music by Dave Grusin and lyrics by Alan and Marilyn Bergman. It was a Top 40 hit in the United States and hit 1 on the adult contemporary chart. Michael Dorsey is a respected
Tootsie renamed "Tootsie." Before Hoffman officially got involved, his role was previously offered to Peter Sellers and Michael Caine. The film remained in development for an additional year as producers waited on a revised script. As pre-production began, the film ran into additional delays when Richards left the role of director due to "creative differences". He assumed the role of producer instead, being replaced as director by Hal Ashby. Ashby was subsequently forced to leave the project by Columbia Pictures because of the threat of legal action if his post-production commitments on "Lookin' to Get Out" were not fulfilled. In November