The Academy of Motion Picture Arts and Sciences was formed in 1927 by Louis B. Mayer and others to raise the standards of film production, and its first Academy Awards were presented not long after. Hosted by actor Douglas Fairbanks and director William C. DeMille, the first Academy Awards ceremony recognized individuals who had made outstanding film achievements in 1927 and 1928. The gold-plated statuettes given to awardees are popularly known as “Oscars.” How did they get this nickname? More…