Today in History: First Academy Awards in 1927

Today in History: First Academy Awards in 1927
93 years ago today, the first ever Academy Awards of Motion Picture Arts and Sciences Awards were handed out at a banquet held at the Hollywood Roosevelt Hotel. Some 270 people attended, and tickets cost $5 each. After a long dinner, complete with numerous speeches, Douglas Fairbanks, the president of the Academy of Motion Picture Arts and Sciences, which had been formed in 1927, handed out 15 awards in a five-minute ceremony. The awards presentation was somewhat anticlimactic compared to today’s Academy Award ceremonies, as the winners had already been announced in February. Starting with the following year’s awards, the Academy began releasing the names of the winners to the press on the night of the awards ceremony to preserve some suspense. That practice ended in 1940, after the Los Angeles Times published the results in its evening edition, which meant they were revealed before the ceremony. The Academy then instituted a system of sealed envelopes, which remains in use today. Source: history.com.
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