Begun in 1929, the Oscars are presented by the Academy of Motion Picture Arts and Sciences, and actors make up the Academy's largest voting bloc. The awards honor the year's best films and the directors, actors, writers, and production teams that make them. The gala ceremony is hosted by a different comedic celebrity each year and features big-production entertainment numbers in addition to the awards themselves.
The Oscars are televised live across the nation and broadcast globally, celebrated in a host of Oscar-watching parties, and experienced in person by the lucky 3,400 people seated inside the grand and elegant Kodak Theatre.
URL: http://www.oscar.com