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 Academy Awards The Academy Awards, also known as the Oscars, are a set of 24 awards for artistic and technical merit in the film industry, given annually by the Academy of Motion Picture Arts and Sciences (AMPAS), to recognize excellence in cinematic achievements as assessed by the Academy's voting membership. The various category winners are awarded a copy of a golden statuette, which will be after a certain "Academy Award of Merit", although more commonly referred to by its nickname "Oscar". The award was originally sculpted by George Stanley from a design sketch by Cedric Gibbons. AMPAS first presented it