Warner Bros. Ties Oscar Record with 11 Wins Amid Acquisition

Warner Bros. celebrated a historic night at the 98th Academy Awards on Sunday, securing 11 Oscars and tying the record for the most wins by a single studio in one ceremony, even as the company navigates an impending acquisition by Paramount Global.

The studio's films dominated the event, with One Battle After Another earning the Best Picture award along with five other honors, including Best Director for Paul Thomas Anderson. Sinners claimed four Oscars, highlighted by Michael B. Jordan's win for Best Actor in a leading role. Weapons added one trophy, with Amy Madigan receiving Best Supporting Actress. The total matched previous records set by MGM for Ben-Hur in 1959, Paramount for Titanic in 1997, and New Line Cinema for The Lord of the Rings: The Return of the King in 2003, the latter now part of Warner Bros. following its absorption. Netflix followed with six wins, while Walt Disney Co., Apple, Universal-owned Focus Features, and Neon each took home one.

These victories provide a bright spot for Warner Bros. Discovery at a pivotal moment. The company put itself up for sale last year amid financial pressures, sparking a bidding war between Paramount and Netflix. Netflix had...