It happened today - May 16, 2015
On May 16, 1929, the first “Oscars”, formally the “Academy Awards of Merit,” were handed out. At a private dinner at the Hollywood Roosevelt Hotel in front of about 270 people who had paid $5 ($69 today) for a ticket. To winners announced 3 months earlier. Fifteen awards were handed out and it took 15 minutes.
Today the Oscars, first televised in 1953, attract an international audience in more than 200 countries, in a lavish orgy of materialistic and moralistic self-congratulation over the move from duds like Casablanca to artistic triumphs like Fast and Furious 7.
We call this progress.