Awards are presented for outstanding individual or collective efforts in up to 25 categories. Members select winners from as many as five nominees in each category, which are determined by members of the relevant Academy branch. (For instance, only film editors may nominate for the Achievement in Film Editing award.) The only exceptions are the Best Picture category, for which nominees are selected by the entire membership, and the Best Foreign Language films, which are nominated by a committee of members drawn from all branches.
In addition to the regular annual awards conferred by the membership, the Board of Governors is empowered to bestow Scientific and Technical Awards, Honorary Awards, Special Achievement Awards and other honors.
Broadcast rights to the annual Oscar telecast provide the majority of the revenue for the organization’s rich and varied year-round activities.