The 1st Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS), honored the best films of 1927 and 1928 and took place on May 16, 1929, at a private dinner held at the Hollywood Roosevelt Hotel in Los Angeles, California. AMPAS president Douglas Fairbanks hosted the show. Tickets cost $5 (which would be $69 in 2016 considering inflation), 270 people attended the event and the presentation ceremony lasted fifteen minutes. Awards were created by Louis B. Mayer, founder of Louis B. Mayer Pictures Corporation (at present merged into Metro-Goldwyn-Mayer). It is the only Academy Awards ceremony not to be broadcast either on radio or television.

During the ceremony, the AMPAS presented Academy Awards (now commonly referred to as Oscars) in twelve categories. Winners were announced three months before the live event. Some nominations were announced without reference to a specific film, such as for Ralph Hammeras and Nugent Slaughter, who received nominations in the now defunct category of Engineering Effects. Unlike later ceremonies, an actor or director could be awarded for multiple works within a calendar year. Emil Jannings, for example, was given the Best Actor award for his work in both The Way of All Flesh and The Last Command. Moreover, Charlie Chaplin and Warner Brothers each received an Honorary Award.

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