Warner Bros. Nabs 11 Oscars, Tying The Record For Most Wins For A Single Studio

Warner Bros. tied nan grounds for astir wins for a workplace successful a azygous nighttime pinch 11 Academy Awards connected Sunday, a milestone that comes arsenic nan institution faces an uncertain future.

The workplace won six Academy Awards for “One Battle After Another” and 4 awards for “Sinners.”

Notable among nan accolades was Michael B. Jordan’s Academy Award for Best Actor for his domiciled successful “Sinners,” “One Battle After Another’s” triumph for Best Picture and Amy Madigan’s triumph for champion supporting character successful “Weapons.”

The grounds of 11 is jointly held by MGM for 1959’s “Ben-Hur,” Paramount for 1997’s “Titanic” and New Line Cinema pinch “The Lord of nan Rings: The Return of nan King” successful 2003, earlier it was absorbed into Warner Bros.

Netflix was 2nd pinch six wins. Walt Disney Co., Apple, Universal-owned Focus Features and Neon each won 1 each.

The awards travel astatine a precarious clip for Warner Bros., which is group to beryllium acquired by Paramount Skydance successful a mega $111-billion deal for its full genitor company, Warner Bros. Discovery.

The movie and TV studios, HBO and HBO Max were primitively group to beryllium acquired by Netflix earlier nan streaming institution dropped its bid past month aft an fierce pursuit by Paramount.

To bargain nan company, Paramount is taking connected $79 cardinal successful debt, a monolithic magnitude that galore successful Hollywood expect will consequence successful steep layoffs targeting overlapping functions and departments crossed nan 2 companies.

Paramount executives person already identified $6 cardinal successful costs cuts, though they person said nan mostly of that will travel from “nonlabor sources.” The institution besides said it does not scheme to trim accumulation capacity, pinch Paramount Chief Executive David Ellison vowing to nutrient 30 films a twelvemonth — 15 from each studio.