The Academy Awards, more popularly known as the Oscars, are awards for artistic and technical merit in the film industry. Given annually by the Academy of Motion Picture Arts and Sciences (AMPAS), the awards are an international recognition of 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“, although more commonly referred to by its nickname, the „Oscar“. The statuette depicts a knight rendered in the Art Deco style.
The award was originally sculpted by George Stanley from a design sketch by Cedric Gibbons. AMPAS first presented it in 1929 at a private dinner hosted by Douglas Fairbanks in the Hollywood Roosevelt Hotel in what would become known as the 1st Academy Awards. The Academy Awards ceremony was first broadcast by radio in 1930 and was televised for the first time in 1953. It is the oldest worldwide entertainment awards ceremony and is now televised live worldwide. It is also the oldest of the four major annual American entertainment awards; its other three equivalents – the Emmy Awards for television, the Tony Awards for theater, and the Grammy Awards for music – are modeled after the Academy Awards. They are widely cited as the most famous and prestigious competitive award in the field of entertainment.