• by Karlene Lukovitz  @KLmarketdaily, March 13, 2023

Netflix won six Oscars at the 95^th Academy Awards, after receiving 16 nominations. 

They included wins for best international feature film for “All Quiet on the Western Front” (above), best animated feature film for “Guillermo del Toro’s Pinocchio,” and best documentary short film for “The Elephant Whisperers.” 

“All Quiet” also won for cinematography, original score and production design. 

Among studios and distributors, Netflix's awards total trailed only that of A24, which won nine Oscars, including seven for "Everything Everywhere All at Once."

Through last year’s awards, Netflix had chalked up 16 Oscars and 1116 nominations. After winning seven in 2021, it won just one last year.

Whereas major studios may spend $5 million to $25 million promoting one of their films to try to snag an Oscar win, Netflix spent upward of $40 million to promote "Roma" in 2019, according to The New York Times. Roma failed to win best picture, but did win three other Oscars. Netflix reportedly spent an unprecedented $70 million in 2020 to promote "The Irishman" and "Marriage Story" for Oscars (neither won best picture, although Laura Dern won best supporting actress for the latter film). Netflix has denied the accuracy of the $70 million estimate.

Warner Bros. Discovery’s CNN Films, in conjunction with HBO Max, won its first Oscar, for “Navalny,” chosen as best documentary feature. 

The film explores the work of Russian anti-corruption activist and former presidential candidate Alexey Navalny, who was poisoned and subsequently jailed by the government.

Disney won two awards, for costume design for "Avatar: The Way of Water," and costume design for "Black Panther: Wakanda Forever."