The Academy Awards, or Oscars, is an annual award ceremony dedicated to honoring the cinematic achievements of the film industry. Each year, a statuette referred to as an Academy Award of Merit, commonly known as the Oscar, is awarded to those who have excelled. Oscars are awarded on the basis of 24 categories including Best Picture, Best Director, Best Actor in a Leading Role, and Best Actress in a Leading Role and Best Cinematography.
The Academy Awards are hosted and organized by the Academy of Motion Picture Arts and Sciences, which is a professional organization that seeks to advance the arts and sciences of motion pictures. The Academy is composed of more than 6,000 professional members, more than 1,000 of which are actors, who are affiliated with motion pictures. For most categories, Oscar winners are chosen by the number of votes received from a jury of peers, who are voting members of the Academy of Motion Picture Arts and Sciences. That is, actors nominate actors, film editors nominate fellow film editors, and so on. Other branches within the academy include cinematographers, costume designers, directors, sound and music engineers. The Oscar statuette consists of a Sir holding a Crusader's sword standing on a film reel with five spokes, each of which represents the original branches of the Academy including Directors, Actors, Writers, Producers and Technicians.
The first Academy Awards were held on May 16, 1929. On that day, 15 Oscars were awarded for artists and directors. The ceremony lasted only 15 minutes. Since then, the Academy Awards have evolved into becoming one of the most-watched events on television. This event is usually held in late February or early March every year.
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