The Academy Awards, the Academy's annual national award, was directly conceived by Metro-Goldwyn-Mayer studio boss Louis Meyer. Today it is the premier film awards in the United States and one of the most famous film awards in the world. The first Academy Awards ceremony took place on May 16, 1929, at the Roosevelt Hotel in Hollywood.
It lasted 15 minutes and was attended by about 250 people. By the way, the name "Oscar" was not yet used at that time (it appeared in 1934). All nominees were presented with the so-called "Gratitude Reviews". The films that took part in the competition were selected from the films that were released in screens in 1927-1928. And the actors were nominated not for a specific film, but for everything in which they starred during the year. The winners were announced three months before the ceremony itself, and these results were reported to the press, which published them at the same time as the presentation of the awards.
This continued until 1945, when the Los Angeles Times published the results more than two hours before the ceremony, so sealed envelopes appeared the following year. The first prize winners were films: "The Seventh Heaven", "Sunrise: A Song of Two People" (each with three awards in different nominations), "Wings" (two awards) and "Two Arabian Knights". And among the actors, Emil Jannings and Janet Gaynor were named the winners.
Special awards were given to Charlie Chaplin - “For Versatility and Genius in Acting, Writing, Directing and Producing Circus”, and Warner Brothers - “For The Jazz Singer, the first sound film to revolutionize the industry ". This is the only time in the history of the Oscar that the award for the best credits for a silent film was presented at this ceremony.
The events of the first film award ceremony were broadcast on radio, and since 1953 - on television. Today the Oscars ceremony is broadcast live in dozens of countries around the world. For about 70 years, the ceremony was held in spring - late March - early April. And since 2004, the season of the ceremony has changed - now it has been shifted to the end of February - beginning of March.
The Oscars bring in about US $ 700 million to the state economy (2007 figures) and create jobs for about 10, 000 people. Unlike most film awards, Oscars are awarded based on the results of a universal vote by the members of the Academy (and not by the choice of the jury), of whom there are just over 10, 000 people.