Academy Awards in 1929 at a private dinner hosted by Douglas Fairbanks in the Hollywood Roosevelt Hotel. The Academy Awards ceremony was first broadcast on radio in 1930 and televised for the first time in 1953. It is the oldest worldwide entertainment awards ceremony and is now seen live worldwide. Its equivalents – the Emmy Awards for television, the Tony Awards for theater, and the Grammy Awards for music – are modeled after the Academy Awards. The 90th Academy Awards ceremony, honoring the best films of 2017, was held on 4 March 2018, at the Dolby Theatre, in Los Angeles, California. The
42nd Academy Awards countries, Chile and Brazil, roughly in the Oscars' time zone, were interested in the live coverage. The Chilean television rights to the Oscars were sold by ABC International to Televisión Nacional de Chile while the Brazilian rights were sold to TV Tupi. The latter country's rights to the TV broadcast of the Oscars were moved to a joint venture of TV Bandeirantes and TV Record. Starting in 1974, the Brazilian TV rights to the Oscars were sold by NBC (which had acquired the TV rights to the Awards from ABC to be broadcast for a five-year period until 1975, when