The 5th Academy Awards were conducted by the Academy of Motion Picture Arts and Sciences on November 18, 1932, at a ceremony held at The Ambassador Hotel in Los Angeles, California. The ceremony was hosted by Conrad Nagel. Films screened in Los Angeles between August 1, 1931 and July 31, 1932 were eligible to receive awards.
Walt Disney created a special animated short film just for the banquet, Parade of the Award Nominees.
Grand Hotel became the only Best Picture winner to be nominated for Best Picture and nothing else. It was the last film to win Best Picture without a Best Director nomination until Driving Miss Daisy (1989), and the third of seven to win without a screenwriting nomination.
This was the first of three Oscars in which two films not nominated for Best Picture received more nominations than the winner (Dr. Jekyll and Mr. Hyde and The Guardsman). This happened again at the 25th and 79th Academy Awards.
This year also introduced short films to the Oscars, with Flowers and Trees being the first color winner and first animated short winner.
This was the last ceremony in which no film won more than two Oscars.