The Academy Awards, also known as the Oscars, are prestigious awards presented annually by the Academy of Motion Picture Arts and Sciences. They honor outstanding achievements in the film industry, with categories ranging from acting to directing and technical excellence. Winning an Academy Award is considered one of the highest accolades in cinema. Each year, nominees are selected by members of the Academy, and winners are revealed during a glamorous ceremony. The awards celebrate not only mainstream films but also independent and international cinema, showcasing the diversity and creativity of the film industry worldwide.