The actor previously won two Oscars, two Baftas and two Golden Globe awards for his supporting roles in Quentin Tarantino's "Inglourious Basterds" and "Django Unchained".
Now Waltz has been nominated for a third time for his role as Walter Keane in Tim Burton's "Big Eyes".
He is competing in the category "Best Lead Actor in a Comedy". Earlier this month, Waltz was honoured with his own star on the Hollywood Walk of Fame.
The Bond film, known as Spectre, has been the subject of intense discussion over costs recently due to leaked emails from Sony studios, in which MGM Studios fought with producer Barbara Broccoli to reduce the budget by up to $50 million.
According to CNN, Spectre's budget was originally $300 million, but MGM president Jonathan Glickman insisted on cutting costs -- which are shared with co-financing studio Sony Pictures.
The previous film in the franchise, Skyfall, also cost aound $250 million, and Glickman wanted a similar cost. He suggested changes that could reduce the budget, such as switching a night-time scene in a Rome villa to London; modifying a fight scene on a train from four carriages to three, and dropping a 'dramatic finale in the rain' to 'lower the cost of visual/special effects.'
“We recognize that this movie needs to build on the past few films — and there are expectations we must meet for the audience. Still, we must find further cuts,” Glickman said in an email, according to CNN. “This is not about ‘nickel and diming’ the production.”
Broccoli was not willing to compromise. She stated in her response that they “cannot find the cemetery or villa in the U.K.,” and refused to cut down the number of carriages in the train scene.
Pascal then sent a message direct to Glickman, stating: “It’s insane and you know with no script this movie is gonna go overbudget.”
The emails also reveal the film features a “lesbian bad lady”, and confirm that Ernst Stavro Blofeld, the boss of secret organization Spectre, will make an appearance -- a role thought to be played by Waltz.