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Bridges received his sixth Academy Award nomination for his role in True Grit, a collaboration with the Coen brothers in which he starred alongside Matt Damon, Josh Brolin, Barry Pepper, and Hailee Steinfeld.

Both the film, and Bridges ' performance as Rooster Cogburn, were critically praised.

Bridges lost to Colin Firth, whom he had beaten for the Oscar in the same category the previous year.