The 49th Academy Awards were presented Monday, March 28, 1977, at the Dorothy Chandler Pavilion in Los Angeles, California. The ceremonies were presided over by Richard Pryor, Ellen Burstyn, Jane Fonda, and Warren Beatty. Network and All the President's Men were the two biggest winners of the ceremony with four Oscars each, but Best Picture and Best Director, as well as Best Editing, were won by Rocky.

Richard Franklin Lennox Thomas Pryor Sr. was an American stand-up comedian and actor. He reached a broad audience with his trenchant observations and storytelling style, and is widely regarded as one of the greatest and most important stand-up comedians of all time. Pryor won a Primetime Emmy Award and five Grammy Awards. He received the first Kennedy Center Mark Twain Prize for American Humor in 1998. He won the Writers Guild of America Award in 1974. He was listed at number one on Comedy Central's list of all-time greatest stand-up comedians. In 2017, Rolling Stone ranked him first on its list of the 50 best stand-up comics of all time.