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Jane Fonda Jokes She 'Slept With the Guy' Who Created CNN, Slams Merger

Warner Bros. won 11 Oscars, matching a record set by studios like MGM and Paramount, as it faces a $111 billion acquisition by Paramount Skydance that may lead to layoffs.

  • On Sunday, Warner Bros. Discovery tied the all-time record with 11 Academy Awards, a historic achievement clouded by the studio's pending $111 billion acquisition by Paramount Skydance.
  • To finance the deal, Paramount Skydance is assuming $79 billion in debt, with executives identifying $6 billion in cost cuts expected to trigger significant layoffs across overlapping departments.
  • Paul Thomas Anderson's 'One Battle After Another' drove the wins with six awards including Best Picture, while Ryan Coogler's 'Sinners' collected four, with Michael B. Jordan winning Best Actor.
  • At the Vanity Fair Oscar Party, actor Jane Fonda protested the merger wearing a 'Block the Merger' pin, warning that consolidation would cause job losses and higher prices.
  • Consolidation continues to reshape Hollywood as studios merge to combat streaming competition and mounting costs, even as Warner Bros.' successful slate demonstrates the enduring value of original filmmaking.
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Los Angeles Times broke the news in Los Angeles, United States on Monday, March 16, 2026.
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