Black Swan has received high praise from film critics, and received a record 12 Broadcast Film Critics Association nominations, four Independent Spirit Award nominations, four Golden Globe nominations, three SAG nominations, and many more accolades. Aronofsky received a Golden Globe nomination for Best Director. The film broke limited-release box-office records and grossed an unexpectedly high $329,398,046. On January 25, 2011, the film was nominated for a total of five Academy Awards; Best Picture, Best Director, Best Actress, Best Cinematography and Best Film Editing. On February 27, 2011, Portman won for Best Actress. The film was awarded the PRISM Award from the Substance Abuse & Mental Health Services Administration for its depiction of mental health issues. Aronofsky served as an executive producer on The Fighter, which was also nominated for Best Picture at the Oscars and won two for Best Supporting Actor and Best Supporting Actress for Christian Bale and Melissa Leo.
Aronofsky was attached to The Wolverine, which was scheduled to begin production in March 2011, but he left the project due to scheduling issues. The film was set to be sixth entry of the X-Men film series, featuring a story revolving around Wolverine's adventures in Japan. In December 2011, Aronofsky directed the music video for Lou Reed and Metallica's "The View" from their album Lulu.
Aronofsky was set to direct an HBO series pilot called Hobgoblin. Announced on June 16, 2011, the series would have depicted a group of magicians and con artists who use their powers of deception to defeat Hitler during World War II. He was set to work on the project with Pulitzer Prize winning author Michael Chabon and his wife Ayelet Waldman. In June 2013, it was announced that HBO had dropped the show and Aronofsky had pulled out, as well.
In 2011, Aronofsky tried to launch production on Noah, a retelling of the Bible story of Noah's Ark, projected for a $115 million budget. By the following year, the film had secured funding and distribution from New Regency and Paramount Pictures, with Russell Crowe hired for the title role. The film was adapted into a serialized graphic novel written by Aronofsky and Ari Handel, published in French in October 2011 by the Belgian publisher Le Lombard. By July 2012, Aronofsky's crews were building an ark set in Oyster Bay, Long Island, New York. Aronofsky announced the start of filming on Noah on Twitter in the same month, tweeting shots of the filming in Iceland. The film featured Emma Watson, Anthony Hopkins, Logan Lerman, and Jennifer Connelly, with the latter having also starred in Requiem for a Dream. During its opening weekend, Noah held the largest non-sequel opening within Russia and Brazil, and the fourth-largest opening of all time. Aronofsky did not use live animals for the film, saying in a PETA video that "There's really no reason to do it anymore because the technology has arrived". The HSUS gave him their inaugural Humane Filmmaker Award in honor of his use of computer-generated animals.
In April 2011, Aronofsky was announced as the President of the Jury for the 68th Venice International Film Festival.