The Academy Awards, also known as the Oscars, are an annual award show honoring the best of the movie industry. The awards were first given in 1929 and have been a staple of television since the early 1950s. The awards honor movies released in the preceding year and are broadcast in the first few months of the year in a culmination of award seasons that also includes the Golden Globe Awards and various specialty award presentations. The show itself is a major cultural event known for its memorable hosts, including Billy Crystal. It has also become a popular betting event for fans who try to predict winners across major categories.