when is the oscars ceremony?
<answer> It was conducted in 2014 As of the 87th Academy Awards ceremony held on February 22, 2015. <context> Historically given during the first quarter of the new year, the awards honor achievements for cinematic accomplishments for the preceding year. For example, 12 Years a Slave was awarded Best Picture for 2013, although the Oscar ceremony was conducted in 2014. As of the 87th Academy Awards ceremony held on February 22, 2015, a total of 2,947 Oscars have been awarded since the inception of the award in 1929.