A property master coordinates with the production designer, but also works closely with the director and actors to provide the items handled directly by the actors such as newspapers, weapons, musical instruments and food.
Previously, and often subsequently, the person(s) with the same responsibility had been called "art directors." Since 1929 the Academy of Motion Picture Arts and Sciences grants an Art Direction Award to an outstanding Production Designer. An Art Director may only be considered eligible for an Oscar when there is no Production Designer credited.
Source: Wikipedia > Production Designer
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