The most common and most likely answer to this crossword clue is the 7 plus 6 letter word ACADEMY AWARDS
I've seen this crossword clue in The Daily Telegraph
A
C
A
D
E
M
Y
A
W
A
R
D
S
More clues leading to the result ACADEMY AWARDS
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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.