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    3. >'One Battle After Another' takes best picture prize at the Oscars
    Finance

    'One battle after another' takes best picture prize at the oscars

    Published by Global Banking & Finance Review®

    Posted on March 16, 2026

    5 min read

    Last updated: March 16, 2026

    'One Battle After Another' takes best picture prize at the Oscars - Finance news and analysis from Global Banking & Finance Review
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    Tags:FinanceMarketsFilm IndustryOscarsHollywood

    Quick Summary

    Paul Thomas Anderson’s 'One Battle After Another' triumphed at the 98th Academy Awards on March 15, 2026, winning Best Picture along with five additional Oscars. Michael B. Jordan, Jessie Buckley and Sean Penn each took top acting honors.

    One Battle After Another dominates Oscars and takes best picture

    Oscars 2024: Major Wins, Highlights, and Memorable Moments

    By Lisa Richwine

    LOS ANGELES, March 15 (Reuters) - The darkly comic thriller “One Battle After Another” won best picture at the Academy Awards, leading a haul of six trophies on a Sunday night when Hollywood’s top honors went to unconventional fare.

    The offbeat tale of political resistance traded wins with the vampire story “Sinners,” setting up a fight to the end at the Dolby Theatre.

    Best Picture and Major Awards

    "Let's have a martini! This is pretty amazing," director Paul Thomas Anderson said on stage after his "One Battle" was announced the recipient of the top award.

    The Warner Bros movie stars Leonardo DiCaprio as a one-time revolutionary who grows up to become the weed-smoking single father of a teenager. 

    Before this year Anderson had 11 career Oscar nominations and no wins. In addition to best picture, Anderson won best director and best adapted screenplay on Sunday. 

    Acting Awards

    Sean Penn's Win and Absence

    SEAN PENN A WINNER BUT A NO-SHOW"One Battle" star Sean Penn was named best supporting actor for his role as an obsessed military officer. It was the third Oscar for Penn, who frequently skips movie industry awards shows and was not in the Dolby Theatre audience.

    "Sean Penn couldn't be here, or didn't want to, so I'll accept the award on his behalf," said presenter Kieran Culkin, last year's supporting actor winner.

    Other Notable Acting Wins

    "Sinners" finished with four awards including a best actor trophy for Michael B. Jordan, who played the dual roles of twin brothers Smoke and Stack. Set in the Segregation-era U.S. South, the movie was a celebration of blues and Black culture told with a supernatural twist.

    "I stand here because of the people that came before me," Jordan said before naming previous Black Oscar winners including Sidney Poitier, Denzel Washington and Halle Berry. "I'm going to keep stepping up and I'm going to keep being the best version of myself."

    Irish actor Jessie Buckley landed the best actress accolade for playing William Shakespeare's wife, Agnes Hathaway, in "Hamnet." The movie explores how the couple navigates the death of their 11-year-old son "Hamnet." 

    "I would like to dedicate this to the beautiful chaos of a mother's heart," Buckley said. "We all come from a lineage of women who continue to create against all odds."

    The 75-year-old Amy Madigan was named best supporting actress for her role as the wacky Aunt Gladys in horror film "Weapons." She earned her first Oscar 40 years after her first Oscar nomination.

    Animated Feature and Original Song

    'KPop Demon Hunters' Takes Best Animated Feature

    'KPOP DEMON HUNTERS' TAKES BEST ANIMATED FEATURE

    "KPop Demon Hunters," a Netflix movie that became a global phenomenon, was named best animated feature. Its catchy song, "Golden," won the award for best original song.

    Tributes and In Memoriam

    Honoring Robert Redford and Rob Reiner

    Amid the celebration, the show took on a serious tone to honor two major losses in the film world - the deaths of directors Robert Redford and Rob Reiner. 

    Billy Crystal, star of "When Harry Met Sally," said Reiner's films including "A Few Good Men" and "This Is Spinal Tap" would "last for lifetimes." He was joined on stage by Demi Moore, Meg Ryan and other cast members from Reiner classics.

    Barbra Streisand, who played opposite Redford in "The Way We Were," called Redford a "brilliant, subtle actor" and an "intellectual cowboy." She finished her remarks by singing a few lines from the movie's well-known title song.

    Show Highlights and Security

    Host and Ceremony Atmosphere

    Host Conan O'Brien opened the festivities by joking that he was honored to be "the last human host" of the awards at a time when Hollywood is worried about artificial intelligence taking over jobs. 

    The glitzy celebration, Hollywood's most over-the-top gala of the year, took place as the U.S. wages war on Iran.

    Security Measures

    Security was tight in and around the ceremony after a federal warning of a possible Iranian threat against California, though authorities have cited no specific or credible danger to the Academy Awards. Attendees had to cross through several traffic checkpoints and go through metal detectors to make their way into the event.

    Industry Impact and Future Outlook

    Hollywood's Shifting Landscape

    The festivities masked the unease in the film business over where movies are being made as studios chase tax incentives and lower costs elsewhere in the U.S. and overseas, weakening Hollywood’s grip on production.

    Warner Bros., the studio behind "One Battle" and "Sinners," is in the process of being sold to Paramount Skydance in a deal that will narrow the ranks of major film distributors. A media watchdog group, Free Press, circulated a roving billboard around Hollywood over the weekend airing its opposition to the merger.

    Academy Voting Process

    Winners of the gold Oscar statuettes are chosen by the roughly 10,000 actors, producers, directors and ‍film craftspeople who make up the Academy of Motion Picture Arts and Sciences.

    (Reporting by Lisa Richwine; Editing by Howard Goller)

    References

    • The Latest: 'One Battle After Another' takes best picture
    • Michael B. Jordan wins best actor for 'Sinners,' taking home his first Oscar
    • Jessie Buckley wins the best actress Oscar for tear-jerking 'Hamnet' performance
    • Sean Penn wins best supporting actor Oscar for 'One Battle After Another' but opts not to attend
    • 'One Battle After Another' wins best picture at 98th Academy Awards

    Key Takeaways

    • •

    Frequently Asked Questions about 'One Battle After Another' takes best picture prize at the Oscars

    1Which film won Best Picture at the 2024 Oscars?

    ‘One Battle After Another’ won the Best Picture prize at this year's Oscars.

    2Who won the Best Actor and Actress awards at the Oscars?

    Michael B. Jordan (Best Actor for 'Sinners') and Jessie Buckley (Best Actress for 'Hamnet').

    Table of Contents

    • Oscars 2024: Major Wins, Highlights, and Memorable Moments
    • Best Picture and Major Awards
    • Acting Awards
    • Sean Penn's Win and Absence
    • Other Notable Acting Wins
    • Animated Feature and Original Song
    • 'KPop Demon Hunters' Takes Best Animated Feature
    • Tributes and In Memoriam
    • Honoring Robert Redford and Rob Reiner
    • Show Highlights and Security
    • Host and Ceremony Atmosphere
    • Security Measures
    • Industry Impact and Future Outlook
    • Hollywood's Shifting Landscape
    • Academy Voting Process
    ‘One Battle After Another’ was the big Oscar-night winner, claiming Best Picture plus awards for Best Director (Paul Thomas Anderson), Best Adapted Screenplay, Best Supporting Actor (Sean Penn), Best Casting, and Best Film Editing—a total of six victories, making it the 42nd film in Oscars history to reach that threshold (apnews.com).
  • •Michael B. Jordan won his first Academy Award for Best Actor, portraying twin brothers in the vampire-themed thriller 'Sinners,' a film which led the Oscars with a record 16 nominations (apnews.com).
  • •Jessie Buckley earned Best Actress for her emotionally powerful turn as Agnes in 'Hamnet,' becoming the first Irish performer to win in this category, and completing a sweep of major awards leading into the Oscars (apnews.com).
  • •Despite his win, Sean Penn did not attend the ceremony; Paul Thomas Anderson also took home Best Director and Best Adapted Screenplay for 'One Battle After Another'—his first Oscars in those categories (apnews.com).
  • •The ceremony included poignant tributes to recently deceased filmmakers Robert Redford and Rob Reiner, featured tight security amid tensions related to U.S.–Iran conflict, and took place against the backdrop of Warner Bros.’ pending sale to Paramount Skydance (apnews.com).
  • 3What security measures were in place for the Oscars ceremony?

    Security was tight with multiple checkpoints and close coordination with the FBI and police due to a federal warning.

    4How are Oscar winners chosen?

    Winners are chosen by approximately 10,000 Academy members, including actors, producers, and directors.

    5What industry changes are affecting Hollywood production?

    Studios are relocating for tax incentives and lower costs, with mergers like Warner Bros. and Paramount Skydance narrowing major distributors.

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