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History

The first Academy Awards presentation was held on May 16, 1929, at a private dinner function at The Hollywood Roosevelt Hotel, with an audience of about 270 people.

The post-awards party was held at the Mayfair Hotel. The cost of guest tickets for that night's ceremony was $5 - $ 89 at 2023 prices. Fifteen statuettes were awarded, honoring artists, directors, and other participants in the film-making industry of the time, for their works during the 1927–28 period. The ceremony ran for 15 minutes.

For this first ceremony, winners were announced to the media three months earlier. For the second ceremony in 1930, and the rest of the first decade, the results were given to newspapers for publication at 11:00 pm on the night of the awards. In 1940, the Los Angeles Times announced the winners before the ceremony began. As a result, in 1941 the Academy started using a sealed envelope to reveal the names of the winners.

The term "Oscar" is a registered trademark of the AMPAS. In the Italian language, it is used generically to refer to any award or award ceremony, regardless of which field.