<Tr> <Td> Previous Best Picture <P> Moonlight </P> </Td> <Td> Best Picture <P> The Shape of Water </P> </Td> </Tr> <P> The Shape of Water </P> <P> The Academy Awards, also known as the Oscars, are a set of 24 awards for artistic and technical merit in the American film industry, given annually by the Academy of Motion Picture Arts and Sciences (AMPAS), to recognize excellence in cinematic achievements as assessed by the Academy's voting membership . The various category winners are awarded a copy of a golden statuette, officially called the "Academy Award of Merit", which has become commonly known by its nickname "Oscar". The sculpture was created by George Stanley . The awards, first presented in 1929 at the Hollywood Roosevelt Hotel, are overseen by AMPAS . </P> <P> The awards ceremony was first broadcast on radio in 1930 and televised for the first time in 1953 . It is now seen live in more than 200 countries and can be streamed live online . The Academy Awards ceremony is the oldest worldwide entertainment awards ceremony . Its equivalents--the Emmy Awards for television, the Tony Awards for theater, and the Grammy Awards for music--are modeled after the Academy Awards . </P>

Who chooses the winners of the academy awards