(1) The stage show and the movie both have full musical scores, with only one song in common. What is its title?

That's "Night and Day"...just as haunting now as it was in 1932.

((2) Which song from the movie won an Academy Award?

"The Continental"

((3) What special place in Oscar history does that award have?

It was the first to win the Best Original Song Award, given for the first time in 1934.

New question. "The Continental" lasts 17 and a half minutes, which held the record for 17 years for the longest musical number in a movie, until it was supplanted by another number that ran one minute longer. What number in what movie?

[This message has been edited by Christopher (edited 05-21-2011).]