Louis B. Mayer, head of film studio Metro-Goldwyn-Mayer (MGM), announces the creation of the Academy of Motion Picture Arts and Sciences, at a banquet in Los Angeles, California.

Louis Burt Mayer was a Canadian-American film producer and co-founder of Metro-Goldwyn-Mayer studios (MGM) in 1924. Under Mayer's management, MGM became the film industry's most prestigious movie studio, accumulating the largest concentration of leading writers, directors, and stars in Hollywood.

Metro-Goldwyn-Mayer Studios Inc. is an American film and television production and distribution company headquartered in Culver City, California. Metro-Goldwyn-Mayer was founded on April 17, 1924, and has been owned by the Amazon MGM Studios subsidiary of Amazon since 2022.

The Academy of Motion Picture Arts and Sciences is a professional honorary organization in Beverly Hills, California, U.S., 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.

Los Angeles, often referred to by its initials L.A., is the most populous city in the U.S. state of California, and the commercial, financial, and cultural center of Southern California. With an estimated 3.88 million residents within the city limits as of 2024, it is the second-most populous in the United States, behind New York City. Los Angeles has an ethnically and culturally diverse population, and is the principal city of a metropolitan area of 12.9 million people (2024). Greater Los Angeles, a combined statistical area that includes the Los Angeles and Riverside–San Bernardino metropolitan areas, is a sprawling metropolis of over 18.5 million residents.