On this day: May 16

POSTED: 12:19 AM PDT May 15, 2013    UPDATED: 11:00 PM PDT May 15, 2014 

Joan of Arc is sainted, the first Academy Awards are handed out, SpaghettiOs debut, "Pet Sounds" and "Blonde on Blonde" hit record store shelves, and Sammy Davis Jr. and Jim Henson pass away, all on this day.

OTD May 16 - Top Gun
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Paramount Pictures

1986: The action film "Top Gun," starring Tom Cruise, Kelly McGillis, Val Kilmer, Anthony Edwards and Tom Skerritt, and directed by Tony Scott, premieres in theaters. The movie would prove to be an instant success, earning $177 million in the United States and more than $353 million worldwide to become the highest grossing film of 1986.

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