In 1976,
Dino De Laurentiis cast her in his
motion picture remake
King Kong, which started and almost ended her career. Although, the King Kong remake was a top moneymaker for
Paramount Pictures, film critics were not kind to the film. The unfavorable reviews were devastating but critics took notice when she made an impressive turn in Bob Rafelson's remake of
The Postman Always Rings Twice (
1981).
Her performance in her next film,
Frances (1982), in which she portrayed actress
Frances Farmer, was highly lauded and earned her a Best Actress
Academy Award nomination. She received two nominations that year, the other as Supporting Actress in the comedy
Tootsie (1982), for which she won. She continued giving impressive performances through the 80s and 90s in films such as
Sweet Dreams (1984) (playing country/western singer
Patsy Cline), Music Box (1989),
Men Don't Leave (1990), and
Blue Sky (1994) for which she won the Best Actress Academy Award.
Lange once stated that her role as Patsy Cline in the film Sweet Dreams was her all time favorite role because of Cline’s fascinating character.
In
1992, Lange made her
Broadway debut opposite
Alec Baldwin in
Tennessee Williams' A Streetcar Named Desire. In 2000, she appeared on the London stage as Mary Tyrone in
Eugene O'Neill's Long Day's Journey Into Night. In 2005, she returned to Broadway in another Tennessee Williams' play,
The Glass Menagerie with actor
Christian Slater. The revival was met with mostly negative reviews in New York, although it was acclaimed by the European press.