The awards ceremony was first broadcast to radio in 1930 and televised in 1953. It is now seen live in more than 200 countries and can be streamed live online. The Oscars is the oldest entertainment awards ceremony; its equivalents, the Emmy Awards for television, the Tony Awards for theatre, and the Grammy Awards for music and recording, are modeled after the Academy Awards.
The 88th Academy Awards ceremony was held at the Dolby Theatre on February 28, 2016 and hosted by Chris Rock. A total of 2,947 Oscars have been awarded since the inception of the award through the 87th.
The first Academy Awards presentation was held on May 16, 1929, at a private dinner function at the Hollywood Roosevelt Hotel with an audience of about 270 people. The post-awards party was held at the Mayfair Hotel. The cost of guest tickets for that night's ceremony was $5 ($69 in 2016 dollars). Fifteen statuettes were awarded, honoring artists, directors and other participants in the film-making industry of the time, for their works during the 1927–28 period. The ceremony ran for 15 minutes.
Winners had been announced to media three months earlier; however, that was changed for the second ceremony in 1930. Since then, for the rest of the first decade, the results were given to newspapers for publication at 11:00 pm on the night of the awards. This method was used until an occasion when the Los Angeles Times announced the winners before the ceremony began; as a result, the Academy has, since 1941, used a sealed envelope to reveal the name of the winners.
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