In Hollywood, the first Academy Awards ceremony takes place.

Hollywood, sometimes informally called Tinseltown, is a neighborhood and district in the central region of Los Angeles County, California, within the city of Los Angeles. Its name has become synonymous with the U.S. film industry and the people associated with it. Many notable film studios such as Sony Pictures, Walt Disney Studios, Paramount Pictures, Warner Bros., and Universal Pictures are located in or near Hollywood.

The 1st Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS) and hosted by AMPAS president Douglas Fairbanks, honored the best films from 1 August 1927 to 31 July 1928 and took place on May 16, 1929, at a private dinner held at the Hollywood Roosevelt Hotel in Los Angeles, California. Tickets cost $5 ; 270 people attended the event, which lasted 15 minutes. It is the only Academy Awards ceremony not broadcast on either radio or television; a radio broadcast was introduced for the 2nd Academy Awards.

The Academy Awards, commonly known as the Oscars, are awards for artistic and technical merit in film. They are presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) in the United States in recognition of excellence in cinematic achievements, as assessed by the Academy's voting membership. The Oscars are widely considered to be the most prestigious awards in the American film industry.