The Academy Awards are an annual event.
The Academy Awards , now known officially as the Oscars , is a set of twenty-four awards for artistic and technical merit in the American film industry , given annually by the Academy of Motion Picture Arts and Sciences ( AMPAS ) , to recognize excellence in cinematic achievements as assessed by the Academy 's voting membership . Academy of Motion Picture Arts and Sciences . The Academy is known around the world for its annual Academy Awards , now officially known as The `` Oscars '' .