1937 song by Richard Whiting and Johnny Mercer; featured in the film "Hollywood Hotel" in which it was sung by Johnnie Davis and Frances Langford, accompanied by Benny Goodman and his orchestra
"Hooray for Hollywood" is a popular song first featured in the 1937 movie Hollywood Hotel, and which has since become (together with "That's Entertainment" and "There's No Business like Show Business") the staple soundtrack element of any Academy Awards ceremony. It is even frequently played during non-American movie ceremonies, e.g. the French César Awards. Wikipedia