Far from the eagerly anticipated and globally televised event it is today, the first Academy Awards ceremony took place out of the public eye during an Academy banquet at the Hollywood Roosevelt Hotel. Two hundred seventy people attended the May 16, 1929 dinner in the hotel’s Blossom Room; guest tickets cost $5. It was a long affair filled with speeches, but Academy President Douglas Fairbanks made quick work of handing out the statuettes.