An awards ceremony is a gathering where prizes are presented. The event could be hosted by a government body, a group, a school, a trade association, or even a firm that specializes in award ceremonies. A master of ceremonies usually introduces award recipients, speaks to the audience, entertains them, and keeps the ceremony moving. In Ancient Greece, annual competitions for tragedy and comedy were held, with the wealthier citizens funding them. Best play, best production, and best acting were among the honors bestowed. In the early Olympic Games, there were two award ceremonies. The winners of each event received palm branches from the judges. On the final day of the games, the event winners were announced and crowned with olive garlands. No medals were given to the runners-up because they were deemed insignificant, and only the winner was announced. Athletes would frequently risk hefty fines and pay judges to be crowned champions. The major American media awards have progressed from humble beginnings to major prime-time television events. In 1929, the Academy of Motion Picture Arts and Sciences held its first awards ceremony at the Hollywood Roosevelt Hotel, three months after the winners were announced. The Oscar statuettes for best film, best actress, and best actor were presented in a 15-minute ceremony. The Golden Globe Awards were founded in 1944 by the Hollywood Foreign Correspondents Association, which consisted of eight journalists. They planned to award prizes for the best film, actress, and actor.