THE OSCAR WINNERS...
Best Cinamatography: Oscar goes to Wally Pfister for inception. He thanks master filmmaker Chrsitopher Nolan, says his work has inpired me for 12 years.
Best Art Direction: And Oscar goes to Alice in wonderland - Robert Stromberg and Karen O Hara
HOST
Anne hathaway and James Franco come on stage. Anne says, "I am not nominated. It used to be you get naked, you get nominated! "
It is James' first nomination. He says that he is not nervous and asks do you get money with the oscar? Both wave at their families, Anne's mother and James' grandmother!
Hosts are spoofing all the best film nominees
Hosts James franco and Anne Hathaway spoof inception, say it's confusing.
Next was Social Network and The Fighter.
Then it was the turn of True Grit, The King's Speech and Black Swan.
Franco says he loved Jeff Bridges in Tron!
Two time academy award winner Tom Hanks is the opening presenter.
RED CARPET
Halle Berry is wearing a markeza outfit says "I am a slave of fashion. I love people's intepetation of fashion."
Roberto Benigni and Tom hanks' acceptance speech is voted as best Oscar speeches so far.
Nicole Kidman says it's great to be nominated again, I am wearing Dior and i liked its structure and it's comfortable. I've won Oscar once but not after my marriage, so I want this one". Nicole has been nominated for 'rabbit Hole'.
Christian Bale nominated for best actor says, "It's lovely that our movie has catched attention"
Matthew Mcconaughey, who will be presenting Oscars with Scarlett Johanson, says " I've been nominated twice so my advice to those nominated should just enjoy, this happens only once"
Jennifer Lawrence nominated for winter's bone says " I'm feeling euphoric and honoured".
Natalie Portman says "working on the film was magical, i worked for one a half years on the film". Wearing Tifanny jewellery and purple dress is the last one to enter
Aaron Sorkin nominated for best script for social network says it was a challenge writing this script.
Melina Kunis looks elegant in lavender.
Kate Blanchett grace the carpet in light pink
Scarlet Johansson enters in lacy maroon, rated low on fashion
Anne Hathaway enters in bright red. Is also the host for tonight
Mark Wahlberg enters. He says, "The Fighter will walk away with atleast 2 oscars tonight"
Tom Cooper nominated as best director for king's speech says he didn't think his film would be appreciated this much. I have to pinch myself everyday, says Tom
Robert Downey Jr, who will be presenting awards for visual effects and editing with Jude Law, says all nominees are special.
Danny Boyle says 127 Hours is way different from Slumdog as 127 is a film about one guy in America!
Ashutosh Gowarikar enters with son Kunal says "it's great to be here at Oscars. I wanted Kunal to be here instead of wife Sunita". He is also the member of the academy and for him all 10 Movies are favourite but he is rooting for The social Network and King's Speech..
Abhi Ash enter for Oscars. Ash is wearing brown strapless gown while Abhi is in tuxedo. "This is another part of film fraternity so we are glad to be here" says Ash. Ash is supporting A.R Rahman and her friend Colin Firth.
Sandra Bullock enters in bright red dress
Gwyneth Paltrow, who will be presenting tonight, enters in silver calvin klien dress, .
Resse Witherspoon is in black and white in Valentino like Julie Roberts wore few years ago
Nicole Kidman is in white - too much detail in front, rated low on fashion.
Penelope just had babies a week ago, still looks stunning in bright red.
Hillary Swank enters in silver Gucci strapless with feathers at the bottom; she says "boys don't cry was 11 years ago! It's great to be here"
Steven Speilberg enters with his 14 yr daughter says Hollywood is amazing. Steven say " I ' quite nervous because I am presenting and my wife and daughters will watch this
Helene Bonham Carter dresses conservatively in black in sunglasses - says I want to celebrate films not fashion..
Christain Bale enters with wife
Josh Brolin enters. He will be presenting Oscars with Javier Bardem
Helen mirren enters in a short grey hair in grey dress
Helena Bonham said my children stoop up after watching the king's speech, we are going to sweep awards tonight for the king's speech - I wanted to enhance my bum so the dress!
Celene Dion enters, she will be performing tonight.
Javier Bardem enters with wife Penelope Cruz. Havier says it's helpful for spanish people to be recognized as he is nominated for biutiful
Jennifer Lawrence in bright red was the first one to enter.
We're underway!
After months of controversy and speculation, the wait will finally be over. With movies like True Grit, King's Speech, The Social Network, 127 Hours and The Fighter leading the way in major categories, it's tough to predict who will take away the trophy.