The Big Short won the Oscar for best adapted screenplay on Sunday night.
The financial dramedy went into the 2016 Academy Awards with five nominations, including one for best picture.
The screenplay — adapted by Charles Randolph and Adam McKay, with the Anchorman helmer also directing the movie, from Michael Lewis' best-selling book — beat the scripts from Brooklyn (Nick Hornby), Carol (Phyllis Nagy), The Martian (Drew Goddard) and Room (Emma Donoghue)
The Big Short focuses on the men who made a fortune by predicting the collapse of the housing market that contributed to the 2008 financial crisis. The movie has already won BAFTA, Critics' Choice, WGA and USC Scripter awards for its screenplay and was the favorite to take home the Oscar in this category going into Sunday night's show. The Hollywood Reporter's chief film critic Todd McCarthy said of the script, which he argued should win alongside THR awards analyst Scott Feinberg's prediction that it will win, "It shapes an inherently uncinematic financial scandal into a reasonably coherent narrative, turning a tragic story into tragicomedy, provoking righteous anger in the bargain. A very shrewd, wise and talented work."
The awards are being handed out at the Dolby Theatre in Hollywood. Chris Rock is hosting.
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