Claim: The Academy Awards are overseen by AMPAS.

The Academy Awards , now known officially as the Oscars , is a set of twenty-four awards for artistic and technical merit in the American film industry , given annually by the Academy of Motion Picture Arts and Sciences -LRB- AMPAS -RRB- , to recognize excellence in cinematic achievements as assessed by the Academy 's voting membership . The various category winners are awarded a copy of a golden statuette , officially called the `` Academy Award of Merit '' , which has become commonly known by its nickname `` Oscar '' . The awards , first presented in 1929 at the Hollywood Roosevelt Hotel , are overseen by AMPAS .   The awards ceremony was first broadcast on radio in 1930 and televised for the first time in 1953 . It is now seen live in more than 200 countries and can be streamed live online . The Academy Awards ceremony is the oldest worldwide entertainment awards ceremony . Its equivalents -- the Emmy Awards for television , the Tony Awards for theater , and the Grammy Awards for music and recording -- are modeled after the Academy Awards .   The 89th Academy Awards ceremony , honoring the best films of 2016 , were held on February 26 , 2017 , at the Dolby Theatre , in Los Angeles , California . The ceremony was hosted by Jimmy Kimmel and was broadcast on ABC . A total of 3,048 Oscars have been awarded from the inception of the award through the 88th .