Louis B. Mayer, head of Metro-Goldwyn-Mayer, hosted 36 people involved in the film industry at a banquet, where he announced the creation of what would become the Academy of Motion Picture Arts and Sciences.

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.