Producer in new art genre accepting Oscar (9)
I believe the answer is:
generator
'producer' is the definition.
(I've seen this before)
'new art genre accepting oscar' is the wordplay.
'new' is an anagram indicator.
'accepting' is an insertion indicator (inserted letters are accepted).
'oscar' becomes 'O' (phonetic alphabet: alpha, bravo, charlie etc.).
'art'+'genre'='artgenre'
'artgenre' with letters rearranged gives 'generatr'.
'generatr' placed around 'o' is 'GENERATOR'.
'in' acts as a link.
(Other definitions for generator that I've seen before include "Power source" , "Eg, dynamo" , "juice maker" , "It gives power" , "Engine to produce electricity" .)