"American Factory," a film backed by the Obama's Higher Ground Productions, on Sunday took home the award for best documentary feature.
The film, about a culture clash at a Dayton, Ohio manufacturing plant, was the first project produced by the duo's new production outfit and marks a running start for the company.
The film hails from filmmakers Julia Reichert and Steven Bognar. It was released through Netflix as part of a lucrative deal Higher Ground has with the streaming service.
"Working people have it harder and harder these days, and we believe that things will get better when workers of the world unite," Reichert said in her acceptance speech.
The former president congratulated the filmmakers on their win.
"Congrats to Julia and Steven, the filmmakers behind American Factory, for telling such a complex, moving story about the very human consequences of wrenching economic change. Glad to see two talented and downright good people take home the Oscar for Higher Ground's first release," Obama wrote in a tweet.
The film had been competing against "The Cave," "The Edge of Democracy," "For Same" and "Honeyland' in its category.
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