Screentime

The Anatomy of an Oscar-Winning Studio: Booming Sales, Little Profit

Neon has won Oscars three years in a row, but it makes more money from horror films and streaming
Mikey Madison, winner of the Best Actress in a Leading Role for “Anora.”

Photographer: Mike Coppola/Getty Images

Good afternoon from Los Angeles and I’m sorry for the delayed newsletter. I couldn’t finalize it before I had to head out for the Oscars last night.

One Battle After Another was the night’s biggest winner, capturing six prizes in all, including best picture, best director and best adapted screenplay. Paul Thomas Anderson won those awards after going 0-for-11 at the Oscars in previous years.