What term describes the highest accolade awarded in Hollywood?

The term "Oscar" refers to the prestigious awards presented by the Academy of Motion Picture Arts and Sciences to recognize excellence in cinematic achievements. The Oscars are widely considered the highest accolade in the film industry, celebrating various aspects of filmmaking, including performance, directing, screenwriting, and technical achievements.

In contrast, the Grammy is awarded in the music industry, celebrating achievements in album and song production. The Tony recognizes excellence in theatre and live performance, focusing on stage productions. The Emmy is an award for achievements in television, honoring outstanding programming and performances in that medium. Each of these awards is significant in its own right, but none hold the same iconic status in Hollywood as the Oscar does in recognizing achievement specifically within the film industry.