instruction: Please share some important points to remember for Oscar awards from the given text
context: The Academy Awards, also known as the Oscars, are awards for artistic and technical merit for the film industry. They are presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS), in recognition of excellence in cinematic achievements as assessed by the Academy's voting membership. The Academy Awards are regarded by many as the most prestigious, significant awards in the entertainment industry in the United States and worldwide. The Oscar statuette depicts a knight rendered in the Art Deco style.
response: 1.	The Oscars, usually referred to as the Academy Awards, are prizes given to filmmakers for outstanding artistic and technical achievement.
  2.	The Academy of Motion Picture Arts and Sciences (AMPAS) bestows them annually in appreciation of outstanding contributions to cinema as judged by the Academy's voting membership.
  3.	Many people consider the Academy Awards to be the most prestigious and important honours in the American and international entertainment industries.
  4.	The Oscar trophy has an Art Deco-styled rendering of a knight.