The Academy of Motion Picture Arts and Sciences is founded.
The Academy of Motion Picture Arts and Sciences (AMPAS, often pronounced ; also known as simply the Academy or the Motion Picture Academy) is a professional honorary organization with the stated goal of advancing the arts and sciences of motion pictures. The Academy's corporate management and general policies are overseen by a board of governors, which includes representatives from each of the craft branches.
As of April 2020, the organization was estimated to consist of around 9,921 motion picture professionals. The Academy is an international organization and membership is open to qualified filmmakers around the world.
The Academy is known around the world for its annual Academy Awards, now officially and popularly known as "The Oscars".In addition, the Academy holds the Governors Awards annually for lifetime achievement in film; presents Scientific and Technical Awards annually; gives Student Academy Awards annually to filmmakers at the undergraduate and graduate level; awards up to five Nicholl Fellowships in Screenwriting annually; and operates the Margaret Herrick Library (at the Fairbanks Center for Motion Picture Study) in Beverly Hills, California, and the Pickford Center for Motion Picture Study in Hollywood, Los Angeles. The Academy opened the Academy Museum of Motion Pictures in Los Angeles in 2021.