I have come across a proof of Bott vanishing for $\mathbb{P}^{n}$ using the Euler sequence as follows:
From the Euler sequence on $\mathbb{P}^{n}$
$$ 0 \to \Omega \to \mathcal{O}(-1)^{\oplus n+1 } \to \mathcal{O} \to 0 $$
we take the $p$-th exterior power to obtain the sequence
$$ 0 \to \Omega^{p} \to \bigwedge^{p} \mathcal{O}(-1)^{\oplus n+1} \to \Omega^{p-1} \to 0 $$
which should remain exact according to my reference. Why is this the case?
Then we can also twist to obtain short exact sequences
$$ 0 \to \Omega^{p}(k) \to \bigwedge^{p} \mathcal{O}(-1)^{\oplus n+1}(k) \to \Omega^{p-1}(k) \to 0 $$
And the claim now is that from the long exact sequence in cohomology it follows that
$$H^{q}(\Omega^{p}(k))=0$$
unless
$k=0$ and $0\leqslant p=q \leqslant n $.
$q=0$ and $k>p$.
$q=n$ and $k<p-n$.
So for example the first case would follow indeed from the LES in cohomology if we had that the cohomology of the middle term vanishes. But does it? If so, why? Cohomology and direct sums commute, and so do direct sums and exterior powers (direct sums and exterior powers do not commute strictly speaking, but I am referring to the formula of the exterior product of a direct sum). So I expect that one can show that the cohomology of that sheaf vanishes just by formal manipulations of whats inside. But I couldn't find the actual way to do it.
Any hints?