Be A Part Of The 2015 Oscar Fan Experience on Oscar Sunday

With Oscar’s big day just days away, preparations and rehearsals continued Wednesday for the 87th Oscars at the Dolby Theatre.

Excited for the red carpet fashions and A-listers?

PEOPLE has partnered with the Academy of Motion Picture Arts and Sciences to present the 2015 Oscar Fan Experience on Sunday, February 22nd. The PEOPLE Oscar Fan Experience treats red carpet and movie buffs around the world with unprecedented access.

700 fans including PEOPLE VIP subscribers were selected to watch and cheer nominees, presenters and film’s biggest stars with a full day Oscar experience on the most anticipated red carpet of the year. As the telecast begins, PEOPLE Oscar Fan Experience guests will be whisked away for an exclusive viewing party at the El Capitan Theatre in Los Angeles.

“PEOPLE is excited to partner for the third consecutive year with the Academy of Motion Picture Arts and Sciences,” said Karen Kovacs, Publisher, PEOPLE. “The Oscar Fan Experience provides PEOPLE’s VIP subscribers access to the best seats in the house – right on the red carpet with their favorite celebrities.”

Hosted by Neil Patrick Harris, the 87th Oscars will be held on Sunday, February 22, 2015, at the Dolby Theatre at Hollywood & Highland Center in Hollywood, and will be televised live on the ABC Television Network at 7 p.m. ET/4 p.m. PT. The Oscars, produced by Craig Zadan and Neil Meron, also will be televised live in more than 225 countries and territories worldwide.

Fans can visit PEOPLE.com and Oscar.com for unprecedented access into this year’s Oscars.

The Academy has also released a new video on the Oscar statuette – the most recognized award in the world and the ultimate symbol of achievement in filmmaking.

Did you know that the statuette stands 13 1/2 inches tall and weighs a robust 8 1/2 pounds?

The design of the statuette has never changed from its original conception, but the size of the base varied until the present standard was adopted in 1945. Officially named the Academy Award of Merit, the statuette is better known by its nickname, Oscar, the origins of which aren’t clear.

A popular story has been that Academy librarian and eventual executive director Margaret Herrick thought it resembled her Uncle Oscar and said so, and that the Academy staff began referring to it as Oscar. In any case, by the sixth Awards presentation in 1934, Hollywood columnist Sidney Skolsky used the name in his column in reference to Katharine Hepburn’s first Best Actress win. The Academy itself didn’t use the nickname officially until 1939.

The 15 statuettes presented at the initial ceremonies were gold-plated solid bronze. Within a few years the bronze was abandoned in favor of britannia metal, a pewter-like alloy, which made it easier to give the statuettes their smooth finish. Because of the metals shortage during World War II, Oscars were made of painted plaster for three years. Following the war, all of the awarded plaster figures were exchanged for gold-plated metal ones.