Academy Award for Best Picture
The Academy Award for Best Picture is one of the Academy Awards (also known as Oscars) presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) since the awards debuted on May 16, 1929. This award goes to the producers of the film and is the only category in which every member of the Academy is eligible to submit a nomination and vote on the final ballot.
Source: Wikipedia — Academy Award for Best Picture (CC BY-SA 4.0)