The Academy Award for Best Picture is one of the Academy Awards of Merit presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) to artists working in the motion picture industry. The Best Picture category is the only category in which every member of the Academy is eligible not only to vote on the final ballot, but also to nominate. The Academy Award for Best Picture is considered the most important of the Academy Awards, as it represents all the directing, acting, music composing, writing, editing and other efforts put forth for a film. Consequently, Best Picture is the final award and the climax of the annual Academy Awards ceremony. Since 1951 it has been collected at the podium by the film's producers. The Grand Staircase columns at the Dolby Theatre in Los Angeles, where the Academy Awards ceremonies have been held since 2002, showcase every film that has won the Best Picture title since the award's inception 83 years ago. On June 14, 2011, AMPAS announced that the number of nominees would vary between five and ten films starting with the 2012 ceremony, provided that the film earned 5% of first-place votes during the nomination process.
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