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On May 16, 1929, The Academy of Motion Picture Arts and Sciences handed out its first award at the Roosevelt Hotel in Hollywood.
The academy was organized two years earlier as a non-profit organization dedicated to the advancement and improvement of the film industry.
The unconfirmed story about the source of the name is that Academy executive director Margaret Herrick mentioned that the statuette looked like her Uncle Oscar.
The Academy officially started using the nickname Oscar for its awards in 1939.
In 1929, the winners of the Oscars were announced before the awards ceremony.
Since 1942, the secret ballot voting results were announced during the live-broadcast Academy Awards ceremony using the sealed-envelope system. The suspense, the red-carpet arrival of nominees and other stars, and the extravagant evening wear continue to draw international attention to the film industry.
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