Definition & Meaning of "Academy Award"

What is the "Academy Award"?

The Academy Award, commonly known as the Oscar, is a prestigious prize given each year by the Academy of Motion Picture Arts and Sciences. It honors outstanding achievements in the film industry across various categories, such as Best Picture, Best Director, and Best Actor. Recipients are chosen through a voting process by members of the Academy, which includes film professionals from various fields. Winning an Academy Award is considered one of the highest honors in cinema, recognizing exceptional talent and contribution to the art of filmmaking.