1. Oscar Awards have a long and rich history.
2. Oscars are recognized globally and celebrated internationally.
3. The event is attended by big names in entertainment industry, making it highly anticipated.
4. Winning an Oscar is considered a pinnacle of achievement, leading to increased recognition, job offers, and earnings.
5. Oscars receive significant media coverage, maintaining their popularity.
6. The event is known for glamorous red carpet fashion, making it popular among fashion enthusiasts.