Premise: 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 ( AMPAS ) , to recognize excellence in cinematic achievements as assessed by the Academy 's voting membership . 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 .
Hypothesis: The Academy Awards have been held annually since 1987.
Label: ENTAILMENT