Events

• January 10 - Fritz Lang's science-fiction fantasy Metropolis premieres in Germany.
• April 12 - The Marx Brothers' Zeppo Marx marries Marion Benda.
• May 11 - The Academy of Motion Picture Arts and Sciences was founded in Los Angeles, California by Douglas Fairbanks. The 1st Academy Awards (Oscars) went on to films, which are released in 1927 or 1928.
• August 12 - Paramount's dramatic film Wings, which would go on to win the first Academy Award for Best Picture, opens at the Criterion Theater in New York City, with an unheard-of roadshow admission price of $2.00 per ticket.
• September 23 - FOX Films acquires the rights to the Tri-Ergon sound-on-film technology, which had been developed in 1919 by three German inventors, Josef Engl, Hans Vogt, and Joseph Massole.
• October 6 - The Jazz Singer, (starring Al Jolson), premieres at the Warner Theater in New York City. Although not the first 'talkie', The Jazz Singer becomes the first box-office hit and popularizes sound motion pictures. It was the highest-grossing movie of all-time.
• Italian Alberto Rabagliati wins a Rudolph Valentino look-alike contest and moves to Hollywood to start his acting career.

Top grossing films

Academy Awards

• Best Production: Wings
• Best Artistic Quality: Sunrise
• Best Actor: Emil Jannings for The Way of All Flesh and the 1928 movie The Last Command
• Best Actress: Janet Gaynor for Seventh Heaven and Sunrise, as well as the 1928 movie Street Angel
• Best Director: Frank Borzage for Seventh Heaven

Films released in 1927