Netflix and Apple faced disappointment at the Oscars 2024 as they secured 32 nominations but could only manage to win one award. The winners of the Oscars 2024 were announced, and while some studios and platforms celebrated their success, Netflix and Apple failed to make a mark. Despite their impressive nominations, both streaming giants left the Dolby Theatres in Los Angeles empty-handed. Netflix won in the live action short film segment for ‘The Wonderful Story of Henry Sugar,’ while Apple failed to win any awards despite its 13 nominations. Apple’s ‘Killers of the Flower Moon’ received the most nods with 10 nominations. Netflix emerged as a frontrunner among studios and platforms with its 19 nominations, but it fell short of winning in multiple categories. Although both companies were recognized for their contributions, they were overshadowed by other winners. The Oscars 2024 showcased the competition among streaming platforms and traditional studios, and it highlighted the challenges faced by the OTT industry in winning recognition at the prestigious event.