The Oscar (The Academy Awards or The Oscars) is the most famous film award in the world. Created in 1927, it had its first ceremony in 1929, in the city of Los Angeles. This is the oldest film award that is in force and its function is to award the best cinematographic productions.
Currently, the Oscar is an extremely recognized event and the most important of all cinema worldwide. It is broadcast to several countries and watched by millions of people around the world. In 2019, the Oscar audience in the United States had almost 30 million viewers.
In the 1920s, American cinema was booming. During this period, several film personalities came together and created the Academy of Motion Picture Arts and Sciences (Ampas), in 1927. The idea of creating this institution was given by Louis B Mayer, one of the heads of Metro-Goldwyn-Mayer (a North American company that produces and distributes films and television programs), to take care of the image of Hollywood film studios and solve labor problems.
The members who formed Ampas at the time decided that it was necessary to create an event that would reward the best film productions of each year and, thus, Oscar was born. The first Oscar ceremony was held on May 16, 1929, in a hotel located in Los Angeles. It was attended by 270 people, who paid U$5 to attend the ceremony that awarded the best productions of 1927 and 1928.
Source: Brasil Escola