What is the top prize at the Oscars called?

The top prize at the Oscars is referred to as Best Picture, which is awarded to the film that is deemed the most outstanding of the year. This award holds significant prestige as it recognizes not only the film itself but also the collaborative effort of the entire production team, including directors, producers, and writers. Winning Best Picture is considered the highest honor within the Academy Awards, highlighting the film's overall excellence in storytelling, direction, acting, and technical achievement.

Other awards like Best Director, Best Actor, and Best Actress are also highly regarded, but they focus on individual achievements rather than the collective success showcased in the Best Picture category. This distinction solidifies Best Picture as the pinnacle of accomplishment at the Oscars.