The Academy Awards, commonly known as the Oscars, are awards for artistic and technical merit for the film industry. They are presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) in the United States in recognition of excellence in cinematic achievements as assessed by the Academy's voting membership. The Oscars are widely considered to be the most prestigious awards in the film industry. The major award categories are presented during a live-televised Hollywood ceremony in February or March. It is the oldest worldwide entertainment awards ceremony.
https://en.wikipedia.org/wiki/Academy_Awards