The major awards are given out at a live televised ceremony, most commonly in February or March following the relevant calendar year, and six weeks after the announcement of the nominees. This is an elaborate extravaganza, with the invited guests walking up the red carpet in the creations of the most prominent fashion designers of the day. Black tie dress is normally required for men, although fashion may dictate not wearing a bowtie, and musical performers typically do not adhere to this (nominees for Best Original Song quite often perform those songs live at the awards ceremony, and the fact that they are performing is often used to promote the television broadcast). The Academy has for several years claimed that the award show has a billion viewers internationally, but this has so far not been confirmed by any independent sources. Neither has the Academy explained how it has reached this figure.
Source: http://en.wikipedia.org/wiki/Academy_Awards
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