The **Academy Awards**, presented by the **Academy of Motion Picture Arts and Sciences (AMPAS)**, is a prestigious annual event recognizing excellence in the global film industry. Founded in 1927 by industry leaders including Louis B. Mayer of MGM, the Academy was initially created to advance and improve the film industry and strengthen studio positions during labor negotiations[2][7]. Its first president was Douglas Fairbanks, Sr. The Academy’s initial focus included labor issues and technological innovation but shifted toward honoring outstanding cinematic achievements. The **first Academy Awards ceremony** took place on May 16, 1929, at the Hollywood Roosevelt Hotel, honoring films released between 1927 and 1928[3][4]. The awards, initially called "Awards of Merit," were presented in 12 categories covering producers, actors, directors, writers, and technicians—the Academy’s original five branches[2][4]. The iconic Oscar statuette symbolizes the awards, which have since expanded to recognize various filmmaking disciplines and special achievements[6]. Over the decades, the Oscars evolved from a modest dinner into a globally watched event held currently at the Dolby Theatre in Hollywood since 2002[3][6]. The ceremony not only celebrates filmmaking excellence but has become a major cultural and fashion event, drawing worldwide media attention[3]. Notable milestones include the introduction of new categories such as Supporting Actor/Actress in 1936, and the establishment of rigorous voting and secrecy processes managed by PricewaterhouseCoopers since 1934[6]. The Academy also supports emerging talent through initiatives like the Student Film Awards, launched in the early 1970s, which have recognized future stars including Robert Zemeckis[1]. Today, AMPAS continues to influence cinema technology, promote diversity, and uphold artistic standards, maintaining the Oscars as the pinnacle of film industry honor and innovation. This combination of tradition, innovation, and cultural impact makes the Academy Award