The very first Academy Awards presentation was held on May 16, 1929, at a private dinner function at the Hollywood Roosevelt Hotel with an audience of about 270 people. The post-awards party was held at the Mayfair Hotel.The cost of guest tickets for that night’s ceremony was $5. Fifteen statuettes were awarded, honoring artists, directors and other participants in the film-making industry of the time, for their works during the 1927–28 period. The ceremony ran for 15 minutes.
Winners were announced to media three months earlier. That was changed for the second ceremony in 1930. Since then, for the rest of the first decade, the results were given to newspapers for publication at 11:00 pm on the night of the awards. This method was used until an occasion when the Los Angeles Times announced the winners before the ceremony began; as a result, the Academy has, since 1941, used a sealed envelope to reveal the name of the winners.
The Academy Awards, also known as the Oscars is a set of 24 awards for artistic and technical merit in the American film industry, to recognize excellence in cinematic achievements as assessed by the Academy’s voting membership. The various category winners are awarded a copy of a golden statuette, officially called the “Academy Award of Merit”, which has become commonly known by its nickname “Oscar”.
Now the Oscar Awards is a huge event with broadcasting in more than 220 countries and with more than 50 million active people watching it every year.
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