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Published: April 21, 2021 at 3:00 pm The Academy Awards were first held in 1929, and each year the film industry awards gold-plated statuettes – commonly called Oscars – in a glittering and star-studded ceremony. But how much do you know about its history? Discover some fascinating stories about past ceremonies here… Advertisement 1929: The first Academy Awards ceremony takes place Founded by Louis B Mayer, head of MGM studios, in 1927, the Academy of Motion Picture Arts and Sciences was intended as a non-profit organisation with the goal of advancing the film industry. The first Academy Award Ceremony took place two years later at The Hollywood Roosevelt Hotel, on 16 May 1929. Tickets for the private dinner cost $5 and the presentation ceremony hosted by Douglas Fairbanks [actor and first president of the Academy] lasted just 15 minutes. ....