Warner Bros has set a new studio record at the 98th Academy Awards, winning 11 Oscars and tying the all-time record held by MGM, Paramount, and New Line Cinema. The studio entered the ceremony with 30 nominations, surpassing its previous best of 28 from 1943.
The bulk of Warner Bros' success came from two films: Ryan Coogler's 'Sinners' (16 nominations, 4 wins) and Paul Thomas Anderson's 'One Battle After Another' (13 nominations, 6 wins). Amy Madigan's supporting actress nomination for 'Weapons' accounted for the studio's remaining nod, with the film taking one Oscar.
Netflix finished second with six wins, while Disney, Apple, Focus Features, and Neon each took one award. Neon, which had 18 nominations, won only for 'Sentimental Value' in the foreign language category. Paramount, currently in acquisition talks with Warner Bros, had no nominations.
The record haul is expected to strengthen Warner Bros' position in negotiations with Paramount Skydance over the proposed $111bn acquisition of Warner Bros Discovery, the parent company of HBO, CNN, and other media assets.
