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 -LRB- AMPAS -RRB- , to recognize excellence in cinematic achievements as assessed by the Academy 's voting membership .	Academy of Motion Picture Arts and Sciences	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 '' .	Academy Awards	Academy Awards
