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The Academy Awards or The Oscars is an annual American awards ceremony honoring cinematic achievements in the film industry. The various category winners are awarded a copy of a statuette, officially the Academy Award of Merit, that is better known by its nickname Oscar. The awards, first presented in 1929 at the Hollywood Roosevelt Hotel, are overseen by the Academy of Motion Picture Arts and Sciences (AMPAS). The awards ceremony began in 1929 and was first televised in 1953, making it the oldest entertainment awards ceremony.