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Title "'Oscars' - Hollywood and New York share Academy spotlight" superimposed over close shot of large-scale version of Oscar statuette / curtain rising in RKO Pantages Theatre in Hollywood revealing large scale version of Oscar statuette / overhead shot of audience in theatre watching / man hands envelope containing best actor award to retired actress Janet Gaynor, she announces Gary Cooper, actor John Wayne steps up to her to accept award on behalf of Cooper, she hands him Oscar / overhead shot of audience applauding / WS stage, large TV screen and audience / actor Ronald Colman announces Shirley Booth as best actress / Booth walking up steps to stage in RKO International Theatre in NY City, almost tripping as she does so / audience applauding / actor Fredric March kisses her and hands her Oscar / photographers gathered around Booth and March / close shot of March kissing Booth / audience in theater in Hollywood watching Booth on TV screen / SOT Booth speaking / audience applauding / Booth ending speech / WS host Bob Hope walking across stage of theater to former actress Mary Pickford in Hollywood / overhead shot of audience / Pickford reading award for best picture, announcing director Cecil B. DeMille for movie "Greatest Show on Earth" / overhead shot of audience applauding / DeMille walks up to Pickford and she leads him over to get Oscar from Hope / audience applauding / SOT DeMille speaking / audience applauding / President of Motion Picture Academy Charles Brackett walks over to Hope and hands him Oscar for service to motion picture industry / audience applauding / SOT Hope speaking / audience listening / Hope speaking