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The Academy Award, also called “The Oscars” is a prize awarded by the Academy of Motion Picture Arts and Sciences (AMPAS) in recognition to excellence of professionals in the film industry, including directors, actors and writers, and is widely considered the highest honor in the industry of movies. The Oscar is officially called “Academy Award of Merit” and is the main of nine awards granted by that organization.
The AMPAS was originally conceived by Louis B. Mayer, president of Metro-Goldwyn-Mayer, as an organization that would improve the image of the film industry and help mediate labor disputes. The Oscars were created later by the Academy as an award “in recognition of the achievement obtained” in the industry of movies.
The name “Oscar” is still hotly debated. Once the actress Bette Davis claimed the statue was named as such in honor of her first husband, Oscar Nelson. One of the first mentions of the statue as “Oscar” goes back to 1934, when Walt Disney thanked the Academy for the Oscar he won that year. Finally, in 1939, the award was officially named “Oscar” by the AMPAS. Another version of the origin of the name was originated with Eleanor Lilleberg, executive secretary of Louis B. Mayer, who saw the statue and exclaimed: “It seems like the King Oscar II!”
The formal act, in which the awards are presented, is one of the most famous and prestigious in the world ceremonies, and it is broadcasted live every year for over a hundred countries. It is also the oldest award ceremony in the media. The first awards ceremony took place on May 16, 1929, in the Roosevelt Hotel in Los Angeles, honoring film achievements in the years from 1927 to 1928 and the latest one was carried on in 2014.