The American Music Awards show is one of several annual major American music awards shows (among the others are the Grammy Awards, the currently dormant Billboard Music Awards, and the Rock and Roll Hall of Fame Induction Ceremony).
The Academy Awards honors the best in the film industry. Each time, the Oscar trophies are given to honor the best films of that year. Each January, the the Academy of Motion Picture Arts and Sciences would give announce it's nominations and give out the golden statues in March. This annual events has been held since 1929.