Academy awards |
| 1994 year 67th |
| Best Original Song | Elton John | Winner |
| Best Original Song | Tim Rice | Winner |
| Best Original Song | Elton John | Nomination |
| Best Original Song | Tim Rice | Nomination |
| Best Original Song | Elton John | Nomination |
| Best Original Song | Tim Rice | Nomination |
| Original Dramatic Score | Hans Zimmer | Winner |
Golden Globe Awards |
| 1994 year 52th |
| Best Motion Picture - Musical or Comedy | | Winner |
| Best Original Score - Motion Picture | Hans Zimmer | Winner |
| Best Original SONG - Motion Picture | Elton John | Winner |
| Best Original SONG - Motion Picture | Tim Rice | Winner |
| Best Original SONG - Motion Picture | Elton John | Nomination |
| Best Original SONG - Motion Picture | Tim Rice | Nomination |