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The story of the gold-plated statuette that became the film industry's most coveted prize, AND THE OSCAR GOES TO... traces the history of the Academy itself, which began in 1927 when Louis B. Mayer, then head of MGM, led other prominent members of the industry in forming this professional honorary organization. Two years later the Academy began bestowing awards, which were nicknamed "Oscar," and quickly came to represent the pinnacle of cinematic achievement.
Transcript
00:00I'm expressing my thanks and sincere gratitude to Mr. Frank Capra, the director of It Happened One Night,
00:07and Miss Claudette Colbert, who was gracious enough to co-star with me in that same picture. Thank you.
00:15For years, the Academy gave newspapers the names of Oscar winners early.
00:231940 was a banner year for Oscar.
00:26All ten nominated films would become classics.
00:33The L.A. Times jumped the gun and published the list of winners prematurely.
00:38The Academy was furious, and from then on, Pricewaterhouse has delivered Oscar results in sealed envelopes to be opened only
00:47on stage.
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