Warner Bros Wins 11 Oscars Amid Pending Paramount Acquisition Deal

Warner Bros led the 98th Academy Awards with 11 Oscars, including six for 'One Battle After Another' and four for 'Sinners,' featuring Michael B. Jordan's best actor win. Amid this success, Warner Bros Discovery faces a pending $110 billion acquisition by Paramount Skydance, following a bidding war with Netflix. The deal, led by Paramount CEO David Ellison, will merge two major studios amid industry consolidation, rising costs, and challenges from streaming and labor issues, prompting mixed reactions within Hollywood.