Each year, the Academy Award for Best Picture is presented by one or more artists on behalf of the Academy of Motion Picture Arts and Sciences. Best Picture is traditionally the final award presented during the annual ceremonies, as this award represents a culmination of all factors of the filmmaking process. Jack Nicholson has presented the award more times than any other individual, at eight times, followed by Audrey Hepburn and Warren Beatty, who have presented the award four times each.