What are the Oscars and Baftas and what's the difference?
Each year, the film industry's top talent gather to recognise and award the stars who have lit up the silver screen.
Among the best known and most sought after awards are the Oscars and Baftas.
Film directors, producers, actors, technicians, musicians and animators can all be nominated and anyone can win.
Here's all you need to know about the biggest film award ceremonies in showbiz...
The Oscars are thought to be the most prestigious film awards in the world.
They're organised by the Academy of Motion Picture Arts and Sciences, which is made up of professional people in the film business.
It was set up in 1927 with just 36 members, but now there's more than 6,000 and they vote for who wins in each category.
Everyone who wins an Oscar is automatically asked to be an Academy member.
They're called the Oscars after the golden statue which is given out to the winners. No one's quite sure why the statue's called Oscar, but it's rumoured to be because one of the Academy members thought the statue looked a bit like her Uncle Oscar, and it stuck.
- Walt Disney has won more Oscars than anyone else. He was nominated for 64, and won 26!
- The youngest ever Oscar winner is actress Tatum O'Neal who was 10 when she won best supporting actress for the film Paper Moon.
- During World War II, the winners were given Oscar statues made of plaster instead of the usual golden ones, to mark the war effort.
- Lord of the Rings: The Return of the King is the only film ever to have won every single Oscar it was nominated for.
- And, in 2013 Daniel Day Lewis made Oscar history by becoming the first man to win the best actor prize three times.
Winners will be announced at a ceremony in Hollywood on Sunday 2nd March.
The Baftas are the biggest film awards in Britain. They're run by the British Academy of Film and Television Arts.
The Academy was formed in 1947 by a group of British film producers, it aims to develop and celebrate film, television and games.
The Academy is an independent charity and in the early 1970s, The Queen and The Duke of Edinburgh made the decision to gift royalties to the organisation.
It has 6,500 members and holds the film awards once a year.
There are also special awards to celebrate children's television and video games.
The most prestigious award is The Fellowship. It's given for outstanding achievement in films throughout long careers: previous winners include Steven Spielberg, Sir Michael Caine and Charlie Chaplin.
- The bronze Bafta award, or mask, was designed by American sculptor Mitzi Cunliffe.
- Prince William, The Duke of Cambridge, has been President of the Academy since February 2010.
- In 2013 The Queen was presented with an honorary award to recognise her outstanding support of the film and television industries.
- CBeebies has won channel of the year twice and CBBC won it in 2012 at the children's Baftas.
Winners will be announced at a ceremony at London's Royal Opera House on Sunday 16 February.