WATCH: Video footage of alleged Oscar thief surfaces

Los Angeles - Video captured by The Associated Press appears to show the man who authorities say stole Frances McDormand's best actress Oscar walking out of the official Academy Awards after-party.

The video, taken late on Sunday night as many guests were leaving the Governors Ball, shows a man in a tuxedo who appears to be 47-year-old Terry Bryant holding an Oscar statuette highly and proudly as an onlooker cheers.

Walking quickly, he nearly bumps into a woman before letting her pass, then quickly glances around him before walking out of frame. He's prominently holding the Oscar the entire time.

Los Angeles police say Bryant had a ticket for the ball and he quickly yielded it when confronted by officers.

Bryant remains in jail on $20 000 bail.

Watch it here:

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