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Netflix snags seven awards, which doubles its all-time Oscar tally

Netflix snags seven awards, which doubles its all-time Oscar tally

April 27, 2021: -On the big night, Netflix has doubled its number of Oscar wins in Sunday’s 93rd annual Academy Awards ceremony; the streaming service had 36 Oscar nominations for 17 films.

By the end of the night, it snags seven trophies. The second-highest tally was for Disney, which took five awards.

In 2013, when Netflix got its first nomination for best documentary feature for “The Square,” the platform has taken home eight Academy Awards. Now, it becomes 15 substantial.

Netflix was also expected to take home the win for best actor, as the late Chadwick Boseman had posthumously got the best acting awards at the Critics’ Choice, Golden Globes, and Screen Actors Guild awards this year for performing in “Ma Rainey’s Black Bottom.”

The streaming service’s film “Mank,” which centers around “Citizen Kane” co-writer Herman Mankiewicz, had ten nominations. It secured two wins, one award for best production design and one award for best cinematography.

Netflix was awarded best live-action short, best animated short, and best documentary feature too.

The tech company has steadily raised its nominations at Hollywood’s top awards show in the last eight years, which proves that it has made quality decisions about the product it has acquired.

Netflix is known for packing its platform with content to keep subscribers coming month after month. Still, it’s also drawing top talent. This Oscar class included Aaron Sorkin, Viola Davis, Chadwick Boseman, David Fincher, Sacha Baron Cohen, and Trent Reznor, and Atticus Ross.

Netflix shares are down above 6% since the beginning of the year, which brings its market value to $224 billion.

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