Warner Bros. nabs 11 Oscars, tying the record for most wins for a single studio

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

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

Notable among the accolades was Michael B. Jordan’s Academy Award for Best Actor for his relation successful “Sinners,” “One Battle After Another’s” triumph for Best Picture and Amy Madigan’s triumph for champion supporting histrion 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 with “The Lord of the Rings: The Return of the King” successful 2003, earlier it was absorbed into Warner Bros.

Netflix was 2nd with 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 acceptable to beryllium acquired by Paramount Skydance successful a mega $111-billion woody for its full genitor company, Warner Bros. Discovery.

The movie and TV studios, HBO and HBO Max were primitively acceptable to beryllium acquired by Netflix earlier the streaming institution dropped its bid past period aft an assertive pursuit by Paramount.

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

Paramount executives person already identified $6 cardinal successful outgo cuts, though they person said the bulk of that volition travel from “nonlabor sources.” The institution besides said it does not program to trim accumulation capacity, with Paramount Chief Executive David Ellison vowing to nutrient 30 films a twelvemonth — 15 from each studio.