People celebrate the Oscars in Hollywood today. This is the 98th time for this award. Experts also call this award Academy Awards. Experts choose the best films here. Actors also get a gold figure. This figure is called Oscar. Many people in the world watch this event. Television shows the event in many countries. The event takes place in the Dolby Theatre. This is a big building in Los Angeles. There are many favorites this year. Some films have very good chances to win. Some films are about politics or war. This often causes talk at the party. In the history of the Oscars, there have been many surprises. Once there was a wrong result on a card. Another time there was a slap on the stage. Tonight everyone waits for the new winners. Who wins the prize for best film? The answer comes during the night. It is the most important night for film. Stars wear very expensive clothes. They walk on the red carpet. Everyone hopes for a peaceful and nice party. Police protect the event very strictly. This keeps things safe for the guests. After the show, there are many parties in the city. The winners celebrate their success there. Los Angeles is the center of the world today. Tomorrow we know who the new stars are. All eyes look to Hollywood. It is a festival for art. Enjoy the show!