The Academy Awards, popularly known as the Oscars, celebrate excellence in global cinema. Since their inception in 1929, the awards have evolved, expanding categories and embracing digital platforms. Iconic facts include Meryl Streep’s record nominations, Walt Disney’s numerous wins, and historic firsts like Kathryn Bigelow’s Best Director win. Despite controversies over diversity and commercial influence, the Oscars remain a prestigious benchmark in filmmaking, continually adapting to the changing landscape of cinema.