The first Oscar ceremony in 1928 took place at the famous Hollywood Roosevelt Hotel, with tickets going for five dollars (about $70 in today’s money). The ceremony lasted only about 15 minutes, and was hosted by director William C. deMille and actor Douglas Fairbanks, who was also the first president of the motion picture academy. Winners in 12 categories were announced weeks prior to the event, which was the only Oscar ceremony in history to not be broadcast on radio.