sentences:  New inductees are announced at the annual Texas Film Awards, organised by the Austin Film Society.The Hall of Fame and associated awards ceremony were co-founded in 2001 by Louis Black, the editor of the Austin Chronicle, and Evan Smith, Editor-In-Chief and CEO of The Texas Tribune and former editor of Texas Monthly.For its first 11 years, the gala celebration was held at Austin Studios, the site of the city's onetime municipal airport, now converted into film production studios.