1st Academy Awards 1st Academy Awards The 1st Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS), honored the best films of 1927 and 1928 and took place on May 16, 1929 at a private dinner held at the Hollywood Roosevelt Hotel in Los Angeles, California. AMPAS president Douglas Fairbanks hosted the show. Tickets cost $5 (which would be $ in considering inflation), 270 people attended the event and the presentation ceremony lasted 15 minutes. Awards were created by Louis B. Mayer, founder of Louis B. Mayer Pictures Corporation (at present merged into Metro-Goldwyn-Mayer). It is the only
Academy Awards favoring historical melodramas over critically acclaimed movies that depict current life issues. The Academy Awards have long received criticism over its lack of diversity among the nominees. This criticism is based on the statistics from every Academy Awards since 1929 which shows us that only 6.4% of academy award nominees have been non-white and since 1991, 11.2% of nominees have been non-white, with the rate of winners being even more polarizing. The 88th awards ceremony became the target of a boycott, popularized on social media by the #OscarsSoWhite, based on critics' perception that its all-white acting nominee list reflected bias.