Perfect World coproduced two Oscar-winning films

Perfect World, the Beijing-based games and film group, co-produced two of this year's Oscar-winning films – Darkest Hour and Phantom Thread.

Darkest Hour won awards on Sunday for Best Actor – Gary Oldman – and Best Makeup and Hairstyling, while Phantom Thread won for Best Costume Design.

Another film that Perfect World co-produced, Victoria & Abdul, was nominated for Make Up and Hairstyling and Costume Design.

The films are part of a $500 million deal made in 2016 between subsidiary Perfect World Pictures and Universal Pictures by which Perfect World will help fund the production of 50 Universal films over five years.

Perfect World has described the slate deal as part of a slow expansion of its movie business.

The nearly four-hour long telecast of the 90th Academy Awards presentation was the least-watched Oscars in history, with the total audience dropping 19 percent from the previous year to 26.5 million viewers, according to Hollywood Reporter.