It was founded by Carlos de Abreu and his wife Janice Pennington.

The 2014 ceremony, broadcast by CBS, was the first to be shown on television.

[1][2] The 2016 ceremony, celebrating its 20th anniversary, took place on November 6, and was hosted by James Corden.

[3][4] The awards became known for being given to films that have yet to be released and for a lack of transparency in the selection process.

[5][6][7] The Los Angeles Times stated, "the selection process could be charitably described as 'vague,' with the primary criteria being the winners' promise to attend the ceremony.