• by Karlene Lukovitz  @KLmarketdaily, February 10, 2020

In a snub reminiscent of its Golden Globes experience, Netflix came out of the Oscars with just two awards, despite going in with the most nominations of any studio (24), and spending an unprecedented amount (at least $70 million, according to competitors) on promoting its films for Academy Awards consideration.

Laura Dern won best supporting actress for Netflix’s “Marriage Story" -- Netflix’s first acting Oscar. In addition, the streamer’s “American Factory,” the first production from Barack and Michelle Obama’s Higher Ground Productions, won for best documentary feature.

But “Marriage Story” lost out on its other five nominations, including best picture, and “The Two Popes” missed on all three of its nominations.

Most notably, despite 10 nominations, Netflix’s critically acclaimed, $160-million “The Irishman,” directed by Martin Scorsese, won zero awards.

Instead, “Parasite,” from South Korean director Bong Joon Ho, became the first non-English-language movie to win best picture, and also took home best director and best international feature film.

Disney/Searchlight had the second-most nominations with 22, and won for best animated feature (“Toy Story 4”), best adapted screenplay (Taika Waititi’s “Jojo Rabbit”), best film editing and best sound editing (both for “Ford v. Ferrari”).

Sony (20 nominations) won for best supporting actor (Brad Pitt) and best production design, both for “Once Upon a Time in Hollywood.” “Little Women” won for best costume design, and “Hair Love,” a project that was funded through Kickstarter, scored best animated short.

At this year’s Golden Globes, Netflix also went in with the most nominations (34, including 17 in the film categories), but emerged with just two.

Last year, Netflix’s Spanish-language drama “Roma” won three Oscars, including best director.