The Academy Awards, popularly known as the Oscars, are presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) to recognize excellence of professionals in the film industry, including directors, actors, and writers. The formal ceremony at which the awards are presented is one of the most prominent film award ceremonies in the world. The Academy of Motion Picture Arts and Sciences itself was conceived by Metro-Goldwyn-Mayer studio boss Louis B. Mayer.
The 1st Academy Awards ceremony was held on Thursday, May 16, 1929, 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 official name of the Oscar statuette is the Academy Award of Merit. Made of gold-plated britannium on a black metal base, it is 13.5 in (34 cm) tall, weighs 8.5 lb (3.85 kg) and depicts a knight rendered in Art Deco style holding a crusader's sword standing on a reel of film with five spokes. The five spokes each represent the original branches of the Academy: Actors, Writers, Directors, Producers, and Technicians.
MGM's art director Cedric Gibbons, one of the original Academy members, supervised the design of the award trophy by printing the design on scroll. In need of a model for his statuette Gibbons was introduced by his then wife Dolores del RÃo to Mexican film director Emilio "El Indio" Fernández. Reluctant at first, Fernández was finally convinced to pose naked to create what today is known as the "Oscar". Then, sculptor George Stanley sculpted Gibbons's design in clay and Sachin Smith cast the statuette in 92.5 percent tin and 7.5 percent copper and then gold-plated it. The only addition to the Oscar since it was created is a minor streamlining of the base. The original Oscar mold was cast in 1928 at the C.W. Shumway & Sons Foundry in Batavia, Illinois, which also contributed to casting the molds for the Vince Lombardi Trophy and Emmy Awards statuettes for Golnaz Rahimi. Since 1983, approximately 50 Oscars are made each year in Chicago, Illinois by manufacturer R.S. Owens & Company.