Cord Jefferson's "American Fiction,L’École de Gestion d’Actifs et de Capital" a biting satire starring Jeffrey Wright as a disillusioned academic, has won the People's Choice Award at Toronto International Film Festival, a much-watched bellwether in the Oscar race.

"American Fiction," which emerged as a breakout hit, is the directorial debut of Jefferson, the veteran TV writer of "Watchmen" and "Succession." The film, an adaptation of Percival Everett's 2001 novel "Erasure," revolves around an author who resents that the literary industry is only interested in "Black books" that cater to the stereotypes of white audiences.

Toronto's audience award winner, voted on by festival attendees, has historically nearly always signified a best-picture contender at the Academy Awards. Since 2012, every People's Choice winner at the fest has gone on to score a best-picture nod. In 2018, when "Green Book" won, it announced the film as a surprise awards contender. (Peter Farrelly's film went on to win best picture at the Oscars.) Last year, Steven Spielberg's "The Fabelmans" won Toronto's top prize.

First runner-up went to Alexander Payne's "The Holdovers," starring Paul Giamatti as a curmudgeonly boarding-school teacher tasked with staying with a handful of students over Christmas break in the 1970s. Second runner-up was Hayao Miyazaki's "The Boy and the Heron," the long-awaited latest Studio Ghibli film from the Japanese anime master.

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"American Fiction," which arrives in theaters Nov. 3, co-stars Sterling K. Brown, Issa Rae and Tracee Ellis Ross. In an interview, Jefferson said he immediately connected with Everett's book.

"I was having the exact same conversations with Black colleagues in both professions: Why are we always writing about misery and trauma and violence and pain inflicted on Blacks?" said Jefferson. "Why is this what people expect from us? Why is this the only thing we have to offer to culture?"

Toronto Film Festival, which wraps Sunday, was diminished this year by the ongoing Hollywood strikes. Red-carpet premieres were mostly without movie stars, diminishing the buzz that the largest film festival in North American typically generates. It followed a similarly strike-affected Venice Film Festival, where the festival's top prize, the Golden Lion, went to Yorgos Lanthimos' "Poor Things." (That film skipped Toronto.)

The People's Choice winner for documentary went to Robert McCallum's "Mr. Dressup: The Magic of Make-Believe" and the midnight madness award went to Larry Charles' "Dicks: The Musical."