By Jacob Combs | Thompson on Hollywood December 5, 2011 at 3:22PM
The first Academy Awards were handed out in 1927, when the silent World War I epic "Wings" took home the prize for Outstanding Picture, the precursor to today's Best Picture. Starring Clara Bow, Charles "Buddy" Rogers, Richard Arlen and Gary Cooper, "Wings" tells the story of two young rivals from the same small town who join the war effort as fighter pilots.
On Wednesday, January 18, the Academy will screen a new, professionally restored copy of "Wings" at the Samuel Goldwyn Theater in Beverly Hills as part of a celebration of Paramount Pictures' 100th anniversary. The restoration, a collaboration between Paramount and the Academy Film Archive, recreates the original Handschiegl process to achieve the closest approximation of the film's original colors. The screening will also feature live organ accompaniment by Clark Wilson.
Tickets for the event are available at oscars.org, and cost $5 for the general public and $3 for Academy members and students.