Academy Award (Oscars)


The Academy Awards, popularly known as the Oscars, are presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) to recognize excellence of professionals in the film industry, including directors, actors, and writers.
The formal ceremony at which the awards are presented is among the most prominent and most watched film awards ceremonies in the world.
The official name of the Oscar statuette is the Academy Award of Merit. Made of gold-plated britannium on a black metal base, it is 13.5 in (34 cm) tall, weighs 8.5 lb (3.85 kg) and depicts a knight rendered in Art Deco style holding a crusader's sword standing on a reel of film with five spokes. The five spokes each represent the original branches of the Academy: Actors, Writers, Directors, Producers and Technicians.MGM’s art director Cedric Gibbons, one of the original Academy members, supervised the design of the award trophy by printing the design on scroll.In need of a model for his statue Gibbons was introduced by his then wife Dolores del Río to Emilio "El Indio" Fernández. Reluctant at first, Fernández was finally convinced to pose naked to create what today it is known as the "Oscar". Then sculptor George Stanley sculpted Gibbons' design in clay, and Alex Smith cast the statue in tin and copper and then gold-plated it over a composition of 92.5 percent tin and 7.5 percent copper. The only addition to the Oscar since it was created is a minor streamlining of the base. Approximately 40 Oscars are made each year in Chicago, Illinois by the manufacturer, R.S. Owens. If they fail to meet strict quality control standards, the statuettes are cut in half and melted down.
The root of the name "Oscar" is contested. One biography of Bette Davis claims that she named the Oscar after her first husband, bandleader Harmon Oscar Nelson.Another claimed origin is that of the Academy’s Executive Secretary, Margaret Herrick, who first saw the award in 1931 and made reference of the statuette reminding her of her Uncle Oscar. Columnist Sidney Skolsky was present during Herrick’s naming and seized the name in his byline, "Employees have affectionately dubbed their famous statuette 'Oscar'" (Levy 2003). Both Oscar and Academy Award are registered trademarks of the Academy, fiercely protected through litigation and threats thereof.
As of the most recent ceremony held in 2007, a total of 2,681 Oscars have been awarded. 290 different actors have won an acting Oscar (including Honorary awards and Juvenile awards). Of these, 144 are still alive today.
Since 1950, the statuettes have been legally encumbered by the requirement that neither winners nor their heirs may sell the statuettes without first offering to sell them back to the Academy for $1. If a winner refuses to agree to this stipulation, then the Academy keeps the statuette. Academy Awards not protected by this agreement have been sold in public auctions and private deals for six-figure sums (Levy 2003).
This rule is highly controversial, since it implies that the winner does not own the award.The case of Michael Todd's grandson trying to sell Todd's Oscar statuette illustrates that there are many who do not agree with this idea. When Todd's grandson attempted to sell Todd's Oscar statuette to a movie prop collector, the Academy won the legal battle by getting a permanent injunction. Although some Oscar sales transactions have been successful, the buyers have subsequently returned the statuettes to the Academy, which keeps them in its treasury.
Source : www.wikipedia.org


