"Parasite" is the first non-English language film to win best picture in the 92-year history of the Academy Awards. Bong Joon Ho's masterfully devious class satire took Hollywood's top prize at the Oscars on Sunday night, along with awards for best director, best international film and best screenplay.

In a year dominated by period epics — "1917," "Once Upon a Time ... In Hollywood," "The Irishman" — the film academy instead went overseas, to South Korea, to reward a contemporary and unsettling portrait of social inequality in "Parasite."

The win was a watershed moment for the Academy Awards, which have long been content to relegate international films to their own category.

"Parasite" producers Kwak Sin-ae (L) and Bong Joon-ho (R) accept the award for Best Picture for "Parasite" during the 92nd Oscars at the Dolby Theatre in Hollywood, California on February 9, 2020. Getty

Multiple standing ovations greeted Bong's several wins. "I am ready to drink tonight," Bong said, prompting roars from the crowd. Unexpectedly called up again for best director, Bong saluted his fellow nominees, particularly Martin Scorsese, and concluded: "Now I'm ready to drink until tomorrow."

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After the Dolby Theatre had emptied out, the "Parasite" team still remained on the stage, soaking it all in.

The win for "Parasite" — which had echoes of the surprise victory of "Moonlight" over "La La Land" three years ago — came in a year when many criticized the lack of diversity in the nominees and the absence of female filmmakers. But the triumph for "Parasite" enabled Hollywood to flip the script and signal a different kind of progress.

In doing so, the film academy turned away another history-making event, again denying Netflix its first best-picture statuette despite two contenders in "The Irishman" and "Marriage Story," and a big-spending awards campaign blitz.