The Academy Awards are regarded by many as the most prestigious, significant awards in the entertainment industry in the United States and worldwide.
ðɪ ɐkˈædəmi ɐwˈɔːɹdz ɑːɹ ɹᵻɡˈɑːɹdᵻd baɪ mˈɛni æz ðə mˈoʊst pɹɛstˈɪdʒəs, sɪɡnˈɪfɪkənt ɐwˈɔːɹdz ɪnðɪ ˌɛntɚtˈeɪnmənt ˈɪndʌstɹi ɪnðə juːnˈaɪɾᵻd stˈeɪts ænd wˈɜːldwaɪd.