Academy of Motion Picture Arts and Sciences

The Academy of Motion Picture Arts and Sciences is an organization dedicated to advancing the arts and sciences of motion pictures. It is best known for hosting the annual Academy Awards, or Oscars, which recognize excellence in cinematic achievements. The Academy is currently newsworthy due to several recent developments. First, the upcoming 98th Academy Awards saw Ryan Coogler's film 'Sinners' receive a record-breaking 16 nominations. Second, the Academy's influence is highlighted by the contrasting 'Razzie' awards, which nominate films for dubious achievements, indirectly reflecting on the Academy's standards. Finally, the Academy has signed a deal with YouTube to livestream the Oscars starting in 2029, marking a significant shift away from traditional broadcast television (ABC) after more than 50 years and aiming for a wider global audience. This shift underscores the Academy's efforts to adapt to evolving media consumption habits and maintain its relevance in the digital age.