The term 'ACTOR'S AWARD' refers to two awards given to actors for their performances in the entertainment industry. The first is the OSCAR, which is an award given out annually by the Academy of Motion Picture Arts and Sciences. It is considered one of the most prestigious awards in the film industry and is often referred to as the 'Oscars'. The second is the Obie, which is an award given out annually by the American Theatre Wing and the Village Voice newspaper. It is considered one of the most prestigious awards in the theater industry and is often referred to as the 'Obies'.