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Every year, the Golden Raspberry Awards create almost as much news and headlines as the Oscar ceremony itself. The only difference is that while the latter is truly one of the most distinguished and coveted awards in the world of films and entertainment, the Razzies (as the Raspberry Awards are affectionately called) honour the worst performances of the year!

First established in 1981 by John B. Wilson, a copywriter and publicist, the Golden Raspberry has, since then, become something of a tradition in its own right. Whereas its more glamorous cousin - the Oscars - often steals the show with its red-carpet celebrities, stylish fashion moments and high-profile moments, the Raspberry Awards provide just that touch of reality and practicality that Hollywood so often lacks.

This year, the awards ceremony will be held on April 1 (on the occasion, of course, of April Fool's Day), at the Barnsdall Gallery Theatre in Hollywood. The major award categories are: Worst Picture, Worst Actor, Worst Actress, Worst Director and Worst Screenplay, along with Worst Supporting Actor and Actress.

Perhaps the best sign of how well accepted the Raspberry Awards are is the fact that leading actresses like Sandra Bullock (for "All About Steve" in 2009) and Halle Berry (for "Catwoman" in 2005) turned up to collect their awards and took the evening in their stride. This includes the Oscar-like tradition of a humorous speech ready for their award.

Incidentally, Eddie Murphy tops the list of maximum nominations for Razzies in a single year. This year, Adam Sandler is expected to run him close (with pre-nominations in both the Worst Actor and Actress categories, for "Just Go With It"). Meanwhile, according to the pre-nominations, such big-budget films (and directors) like "Transformer: Dark of the Moon", "The Twilight Saga: Breaking Dawn - Part 1" and "The Green Lantern" are all in contention for this prestigious award!