The brainchild of Louis B. Mayer, head of the powerful MGM film studio, the Academy was organized in May 1927 as a non-profit organization dedicated to the advancement and improvement of the film industry.
Its first president and the host of the May 1929 ceremony was the actor Douglas Fairbanks
At the time of the first Oscar ceremony, sound had just been introduced into film.
The Warner Bros. movie The Jazz Singer–one of the first “talkies”–was not allowed to compete for Best Picture because the Academy decided it was unfair to let movies with sound compete with silent films.
The first official Best Picture winner (and the only silent film to win Best Picture) was Wings, directed by William Wellman
German actor Emil Jannings won the Best Actor honor for his roles in The Last Command and The Way of All Flesh
22-year-old Janet Gaynor was the only female winner. After receiving three out of the five Best Actress nods, she won for all three roles, in Seventh Heaven, Street Angel and Sunrise.
A special honorary award was presented to Charlie Chaplin. Originally a nominee for Best Actor, Best Writer and Best Comedy Director for The Circus, Chaplin was removed from these categories so he could receive the special award
The Academy officially began using the nickname Oscar for its awards in 1939
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