Swan songs rarely look as golden as the long Warner Bros. goodbye. Just a few months ago, the embattled company was in the midst of one of the best runs for any studio in Oscar history — and all the while, Netflix and Paramount Skydance were trading splashy offers to acquire it outright. By the time One Battle After Another, *Sinners *and Weapons had combined to win 11 Oscars (including best picture), tying a single-studio record, Paramount officially had won the war for the pending merger — leading to widespread panic within Hollywood as to what the future of a major theatrical player at the top of its game would look like.