The Academy Awards, popularly known as the Oscars, are annual accolades presented by the Academy of Motion Picture Arts and Sciences (AMPAS) to recognize excellence in cinematic achievements as assessed by the Academy's voting membership. Widely considered the most prestigious awards in the film industry, they are the oldest worldwide entertainment awards ceremony. Films can qualify for Oscar consideration through a week-long theatrical release in specific U.S. cities or by winning designated awards at certain competitive film festivals. The major award categories are presented during a live televised ceremony, typically held in February or March.