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What are the Academy Awards? Wikipedia has more information:
The Academy Award (informally known as the Oscar) is an accolade by the American Academy of Motion Picture Arts and Sciences (AMPAS) to recognize excellence of professionals in the film industry, including directors, actors, and writers. The formal ceremony at which the awards are presented is one of the most prominent award ceremonies in the world and is televised live in more than 200 countries annually. It is also the oldest award ceremony in the media; its equivalents, the Grammy Awards (for music), Emmy Awards (for television), and Tony Awards (for theatre) are modeled after the Academy. The Academy of Motion Picture Arts and Sciences itself was conceived by Metro-Goldwyn-Mayer studio boss Louis B. Mayer.
The 1st Academy Awards ceremony was held on May 16, 1929, at the Hotel Roosevelt in Hollywood to honor outstanding film achievements of the 1927–1928 film season. It was hosted by actor Douglas Fairbanks and director William C. deMille. The 82nd Academy Awards ceremony, honoring the best in film for 2009, was held on March 7, 2010, at the Kodak Theatre in Hollywood, with actors Steve Martin and Alec Baldwin hosting the ceremony.
2010 - www.academyawardwinning.com