The Academy Awards also referred to as the Oscars, are honors given to American film producers for artistic and technical excellence.

Many people consider the awards to be the most prestigious and important ones in the American cinema business.

The Academy of Motion Picture Arts and Sciences (AMPAS) presents the Oscars each year to honor outstanding cinematic achievements in films, especially those made in America, as determined by the Academy’s voting membership. The winners of each category receive a replica of the “Academy Award of Merit,” more popularly known as the “Oscar,” which is a golden statuette that is given away as a trophy. The figurine has an Art Deco-styled rendering of a knight.

George Stanley created the award from a design sketch made by Cedric Gibbons. The inaugural Academy Awards were given out by AMPAS in 1929 at a private luncheon hosted by Douglas Fairbanks at the Hollywood Roosevelt Hotel.  The 1930 radio broadcast of the Academy Awards was followed by its inaugural television broadcast in 1953. It is the oldest entertainment awards show in the world and is currently broadcast live on television. The Tony Honors for theatre, the Grammy Awards for music, and the Emmy Awards for television are all fashioned after the Academy Awards, which is also the oldest of the four main annual American entertainment awards.  3,140 Oscars have been given out overall since.

The Mayfair Hotel hosted the post-awards gathering

Tickets for the ceremony that evening cost $5 ($79 in 2020 dollars). 15 statuettes were given out to recognise the contributions made by the 1927–1928 period’s artists, directors, and other members of the film industry. The 15-minute ceremony took place.

Winner of the Best Actor Oscar. The Best Actor in the World: Only Daniel Day-Lewis has received three Best Actor nominations: for Lincoln, There Will Be Blood, and My Left Foot (1989). (2012). (He received nominations from 1989 to 2017).

The three actors with the most Oscars for acting are Jack Nicholson, Daniel Day-Lewis, and Walter Brennan, each of whom has received three awards.