The Oscar statuette, officially known as the Academy Award of Merit, is a golden trophy awarded by the Academy of Motion Picture Arts and Sciences to recognize excellence in the film industry. It stands about 13.5 inches tall and weighs approximately 8.5 pounds. The statuette depicts a knight holding a sword while standing on a reel of film, symbolizing the art of filmmaking. First awarded in 1929, the Oscar statuette is one of the most prestigious awards in cinema. Each year, winners are announced during the Academy Awards ceremony, celebrating achievements in various categories, including acting, directing, and writing.