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| 26 March |
| Billy Crystal |
| Shrine Auditorium, Los Angeles, California, USA |
| - 55 Oscar statuettes "disappear" while being shipped from their manufacturer R.S. Owens, Chicago, to Los Angeles. Over the weekend of March 18th 52 of those 55 statuettes are being found by salvage worker Willie Fulgear near a trash bin in Koreatown, Los Angeles. Fulgear is officially presented with a 50,000 dollar reward from Roadway Express, the trucking outfit that had been shipping the Oscars when they disappeared, and also is invited to the Oscar ceremony by the Academy. Probably only Oscar himself knows what would have happened if the statuettes had not been found as manufacturer R.S. Owens would not have been able to deliver a new batch of statuettes for the ceremony in time.
- Over 4,000 Oscar voting ballots are lost in the mail, forcing a new batch to be sent out and prompting the Academy to extend the voting deadline by two days.
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| | Awarded to: | | | - Andrzej Wajda
- For five decades of extraordinary film direction (Oscar statuette).
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| 4 March |
| Salma Hayek |
| Regent Beverly Wilshire Hotel, Los Angeles, California, USA |
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| | Winners: | | | - Fritz Gabriel Bauer
- For the concept, design and engineering of the Moviecam Superlight 35mm Motion Picture Camera.
- Huw Gwyllyn; Karl Lynch; Mark Crabtree
- For the design and development of the AMS/Neve-Logic Digital Film Console for motion picture sound mixing.
- James Moultrie (II); Mike Salter (II); Mark Craig Gerchman
- For the mechanical (Moultrie) and the optical design (Salter/Gerchman) of the Cooke S4 Range of Fixed Focal Length Lenses for 35mm motion picture photography.
- Ian Neil (II); Rick Gelbard; Panavision, Inc.
- For the optical (Neil) and the mechanical design (Gelbard) and for the development (Panavision) of the Millennium Camera System viewfinder.
- Nick Phillips (I)
- For the design and development of the three-axis Libra III remote control camera head.
- Marlowe A. Pichel
- For development of the process for manufacturing Electro-Formed Metal Reflectors which, when combined with the DC Short Arc Xenon Lamp, became the worldwide standard for motion picture projection systems.
- L. Ron Schmidt
- For the concept, design and engineering of the Linear Loop Film Projectors.
- Nat Tiffen (Tiffen Manufacturing Corporation)
- For the production of high-quality, durable, laminated color filters for motion picture photography.
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| | Winners: | | | - Leslie Drever
- For the design and development of the Light Wave microphone windscreens and isolation mounts from Light Wave Systems.
- Vivienne Dyer; Chris Woolf
- For the design and development of the Rycote Microphone Windshield Modular System.
- Richard C. Sehlin (Eastman Kodak); Mitchell J. Bogdanowicz (Eastman Kodak); Mary L. Schmoeger (Eastman Kodak)
- For the concept (Sehlin), the design and development (Bogdanowicz/Schmoeger) of the Eastman Lamphouse Modification Filters.
- Hoyt Yeatman (Dream Quest Images); John C. Brewer (Eastman Kodak)
- For the identification and diagnosis leading to the elimination of the 'red fringe' artifact in traveling matte composite photography.
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