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The Academy of Motion Picture Arts and Sciences, located in Beverly Hills, California, is a professional organization committed to promoting excellence in the cinema industry. Founded in 1927, it consists of over 9,000 accomplished individuals working in cinema, and is responsible for producing the annual Academy Awards, also known as the Oscars. The Academy celebrates cinematic achievements across multiple aspects, including acting, directing, producing, and technical merits through various categories of awards. It also encourages future advancements in film by providing scholarships, grants, and housing the Academy Film Archive and the Academy Museum of Motion Pictures.