The Academy Awards or the Oscars is one of the most prestigious awards in the world. It is held every year to acknowledge and honour the efforts of the members of the film making industry from around the world. Hosted by the Hollywood's Academy of Motion Pictures Arts & Sciences, the 87th Academy Awards will be held on 22 February, 2015 at the Dolby Theatre in Los Angeles. Thousands of fans and followers gather at the venue to applaud their favourite celebrities. For those who cannot reach the site, the entire event from start to end is televised worldwide.