The Academy Awards or The Oscars (the official title was rebranded as The Oscars in 2013 – changed from The Academy Awards) is an annual American awards ceremony honoring cinematic achievements in the film industry. The various category winners are awarded a copy of a statuette, officially the Academy Award of Merit, that is better known by its nickname Oscar. The awards, first presented in 1929 at the Hollywood Roosevelt Hotel, are overseen by the Academy of Motion Picture Arts and Sciences (AMPAS). The awards ceremony was first televised in 1953 and is now seen live in more than 200 countries. The Oscars is also the oldest entertainment awards ceremony; its equivalents, the Emmy Awards for television, the Tony Awards for theatre, and the Grammy Awards for music and recording, are modeled after the Academy Awards. The Academy Awards are widely considered to be the most prestigious cinema awards ceremony in the world. The 86th Academy Awards ceremony was held on March 2, 2014, at the Dolby Theatre in Los Angeles, later than usual as to not clash with the Winter Olympics in Sochi, Russia. The 87th Academy Awards ceremony was held on February 22, 2015. Historically given during the first quarter of the new year, the awards honor achievements for cinematic accomplishments for the preceding year. For example, 12 Years a Slave was awarded Best Picture for 2013, although the Oscar ceremony was conducted in 2014. As of the 87th Academy Awards ceremony held on February 22, 2015, a total of 2,947 Oscars have been awarded.