THE 52ND ANNUAL ACADEMY AWARDS - Broadcast Coverage - Airdate: April 14, 1980. (Photo by ABC Photo Archives/ABC via Getty Images)
SALLY FIELD WITH BEST ACTRESS OSCAR
Daniel Day Lewis (Photo by Barry King/WireImage)
HOLLYWOOD - FEBRUARY 25: ***NO ONLINE, NO INTERNET, EMBARGOED FROM INTERNET AND TELEVISION USAGE UNTIL THE CONCLUSION OF THE LIVE OSCARS TELECAST*** Actresses Anne Hathaway (L) and Emily Blunt present the award for Best Costume Design during the 79th Annual Academy Awards at the Kodak Theatre on February 25, 2007 in Hollywood, California. (Photo by Kevin Winter/Getty Images)
HOLLYWOOD, CA - FEBRUARY 27: Actress Jennifer Lawrence arrives at the 83rd Annual Academy Awards held at the Kodak Theatre on February 27, 2011 in Hollywood, California. (Photo by Kevork Djansezian/Getty Images)
On May 16, 1929 the Academy of Motion Picture Arts and Sciences held the first Academy Awards, honoring the best movies released in 1927 and 1928. Held at Los Angeles' Hollywood Roosevelt Hotel, the first awards ceremony was attended by 270 guests, who each paid $5 for a ticket. "Wings" was awarded Best Picture, which at the time was called Outstanding Picture.
In the years since, the Oscars have become the defining awards show for Hollywood and the film industry. The highly anticipated event is now a red-carpet affair, complete with big name performers, honored hosts, and hotly contested awards. The next Academy Awards will be held on March 2, 2014.
Celebrate the anniversary of the Academy Awards by checking out today's stars at their first trips to the Oscars.