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“Oppenheimer” was the big winner at the 2024 Academy Awards on Sunday, scooping up seven Oscars from its 13 nominations.
The biopic about the “father of the atomic bomb” and his role in the Manhattan Project, won the Oscar for Best Picture, with Christopher Nolan winning Best Director and Cillian Murphy, Best Actor in a Leading Role, with Robert Downey Jr. winning Best Actor in a Supporting Role.
Its other accolades were for Best Score, Best Cinematography and Best Editing.
The second-best performing film, with three wins, was “Poor Things,” the “Frankenstein”-inspired story, based on the novel by Alasdair Grey, which provided Emma Stone with her second Best Actress in a Leading Role Oscar following the one she received for “La La Land” at the 2017 awards.
Other notable winners included Da’Vine Joy Randolph, Best Actress in a Supporting Role, in the comedy-drama “The Holdovers.” “Barbie,” despite its seven nominations, won only for Best Original Song — “What Was I Made For?” by Billie Eilish and Johnnie Burn.
Meanwhile, the writing awards went to Justine Triet and Arthur Harari, Best Original Screenplay, for “Anatomy Of A Fall,” while Best Adapted Screenplay was won by Cord Jefferson for “American Fiction.”
Film production and TV streaming services got a post-awards lift on stock exchanges in hopes their subscriptions and box office takings will be boosted.
Paramount Global (NASDAQ:PARA) climbed 6.4%, while Warner Bros Discovery Inc. (NASDAQ:WBD) gained 4.7% and Fox Corp (NASDAQ:FOX) added 4.4%.
Walt Disney Co (NYSE:DIS) which, through its various subsidiaries and tie-ins earned a total 20 nominations, including “Oppenheimer,” “Poor Things” and “Barbie,” gained 2%.
The Communication Services Select Sector SPDR Fund (NYSE:XLC), an exchange-traded fund that tracks the media sector, was flat.
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