OSCARS:

Hollywood's biggest award function is the Academy Awards. It is most commonly known as Oscars, are awards of merit presented annually by the Academy of Motion Picture Arts and Sciences to recognize excellence of professionals in the film industry, including directors, actors, and writers. The formal ceremony at which the awards are presented is among the oldest, most prominent, most prestigious, and most watched film award ceremonies in the world.
The 1st Academy Awards ceremony was held on Thursday, at the Hotel Roosevelt in Hollywood to honor outstanding film achievements of 1927 and 1928. It was hosted by actor Douglas Fairbanks and director William C. DeMille. The actress Anita Page is apparently the only known still-living person who attended the first ceremony. The 80th Academy Awards ceremonies, hosted by Comedy Central's The Daily Show host, Jon Stewart, were held on Sunday at the Kodak Theatre in Hollywood, Los Angeles, California.The 81st Academy Awards honoring the best in film for 2008 will be held on Sunday at the Kodak Theatre in Hollywood.