The 1st Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS) and hosted by AMPAS president Douglas Fairbanks, honored the best films from 1 August 1927 to 31 July 1928 and took place on May 16, 1929, at a private dinner held at the Hollywood Roosevelt Hotel in Los Angeles, California. Tickets cost $5 ; 270 people attended the event, which lasted 15 minutes. It is the only Academy Awards ceremony not broadcast on either radio or television; a radio broadcast was introduced for the 2nd Academy Awards.