(LOS ANGELES) -- Hollywood’s biggest night of the year is officially here: the Oscars. Funnyman Seth MacFarlane is hosting the 85th Annual Academy Awards and we’ll be covering all of the big winners, best moments, surprises, and all-important red carpet arrivals.
Refresh for the latest updates all night long.
11:55 p.m. ET: The night's highest honor goes to Argo! The film wins the Oscar for Best Picture.
11:49 p.m. ET: A history making night for Daniel Day-Lewis! He becomes the first actor to win three Oscars for Best Actor. He won tonight for his role in Lincoln. His other two wins were for My Left Foot (1989) and There Will Be Blood (2007).
11:44 p.m. ET: Jennifer Lawrence takes home the Oscar for Best Actress for her role in Silver Linings Playbook.
11:34 p.m. ET: Another win for Life of Pi. Ang Lee wins the Oscar for Best Director.
11:28 p.m. ET: They are the ones behind the stories told in films. The writing awards go to Argo for Best Adapted Screenplay and Quentin Tarantino gets the top honor for his Original Screenplay, Django Unchained.
11:16 p.m. ET: Another award for Adele! She and Paul Epworth take home the Oscar for Best Original Song for their work on the bond theme,"Skyfall."
11:11 p.m. ET: Ten years after winning Best Picture, the stars of Chicago, Richard Gere, Renee Zellweger, Queen Latifah, and Catherine Zeta-Jones, present the Oscar for Best Original Score to Mychael Danna for Life of Pi.
11:05 p.m. ET: In a tribute to those the film industry lost this year, Barbra Streisand sang a touching rendition of her song "The Way We Were."
10:49 p.m. ET: And the Oscar goes to . . . Lincoln for Best Production Design, beating out Anna Karenina, The Hobbit: An Unexpected Journey, Les Miserables, and Life of Pi.
10:40 p.m. ET: Adele rocks the house with a soulful performance of her Oscar nominated song"Skyfall."
10:33 p.m. ET: Argo takes the Oscar for Best Film Editing.
10:22 p.m. ET: No surprise here! The favorite to win Best Supporting Actress, Anne Hathaway, finally got to go home with the Oscar.
10:15 p.m. ET: "No BS," Mark Wahlberg said in announcing a tie for the winner of Best Sound Editing. Both Zero Dark Thirty and Skyfall take home Oscars. Another tie in Academy Awards history: In 1968, Barbara Streisand (Funny Girl) and Katherine Hepburn (The Lion in Winter) tied for Best Actress.
10:13 p.m. ET: The Academy heard the people sing and liked what it heard. Best Sound Mixing goes to Les Miserables.
10:05 p.m. ET: A show stopping performance honored movie musicals featuring songs from Chicago, Dream Girls and Les Mierables. Oscar winners Russell Crowe, Jennifer Hudson and Catherine Zeta-Jones, along with this year's nominees Anne Hathaway and Hugh Jackman took the stage with fellow Les Miserables cast members Amanda Seyfried, Eddie Redmayne, Aaron Tveit, Samantha Barks and Helena Bonham Carter for a tribute to the musical talents of film.
9:51 p.m. ET: The Academy shows its love for Amour. It takes home the Oscar for Best Foreign Language Film.
9:45 p.m. ET: Sugar is Gold! Best Documentary Feature goes to Seaching for Sugar Man.
9:33 p.m. ET: Best Live Action Short Film goes to Curfew and Best Documentary Short Subject film is awarded to Inconte.
9:29 p.m. ET: Celebrating 50 years of Bond, Dame Shirley Bassey, wearing a gold dress, sang "Goldfinger." The salute to the James Bond franchise will continue later tonight when Adele sings her Oscar-nominated Bond theme, "Skyfall."
9:20 p.m. ET: They help the actors look the part! Anna Karenina takes home the Oscar for Best Costume Design and Les Miserables is awarded for its achievement in Makeup and Hairstyling.
9:07 p.m. ET: That's two wins for Life of Pi. The film takes the Oscars for Best Cinematography and Best Visual Effects.
8:58 p.m. ET: Paperman wins for Best Animated Short Film and Brave takes home the Oscar for Best Animated Feature Film.
8:50 p.m. ET: The first Oscar of the night - Best Supporting Actor - goes to Christop Waltz for his role in Django Unchained.
8:30 p.m. ET: The show is starting, and host Seth MacFarlane has taken the stage. "Good evening, ladies and gentleman. Welcome to the Oscars. And the quest to make Tommy Lee Jones laugh begins now," he said to laughter.
SLIDESHOW: Stars Arrive on the Red Carpet
8:15 p.m. ET: We’ve confirmed that Best Supporting Actress nominee Helen Hunt is rocking … H&M! The Session actress is in a custom made midnight-blue full length silk satin gown (also strapless). See it here.
8:14 p.m. ET: Anne Hathaway is talking about her dress. “My mom says it’s business in the front, party in the back.”
8:07 p.m. ET: Jonathan Gordon, producer of Silver Linings Playbook, on Jennifer Lawrence landing the role of "Tiffany" in the movie: "She Skyped her audition from her parents' house in Louisville, Kentucky, and it was unquestionable at that moment that she was the person to play the part."
7:58 p.m. ET: Australian actress Jacki Weaver, nominated for best supporting actress for Silver Linings Playbook, told ABC News Radio's Jason Nathanson on the red carpet that she's not all that confident in her chances: "I don't want any tears before bedtime. I don't think I'm going to win. But it is wonderful to be here."
7:57 p.m. ET: Helen Hunt, nominated for best supporting actress for her role in The Sessions, marveled on the red carpet at how far her film has come. “To make a movie about kind people being brave and decent with each other – that that would turn into this is a miracle!”
7:52 p.m. ET: Les Mis star and Best Actor nominee Hugh Jackman just picked up pre-show host Kristin Chenoweth on the red carpet and said she weighs less than an Oscar. Not really though… Each nearly 14-inch-high statue weighs 8.5 pounds and costs $500 to make. Get more Oscar trivia here.
7:40 p.m. ET: If there’s one star you can count on to look fabulous, it’s Jennifer Aniston. She’s in a Valentino red strapless gown with fiance Justin Theroux at her side.
7:38 p.m. ET: Bradley Cooper brought his mom as his date. She’s rocking a shrug with serious feathers and what look like sneakers with her gown. Cooper is up for Best Actor in Silver Linings Playbook.
7:37 p.m. ET: Two Disney/Pixar films are nominated in the best animated feature category -- Wreck-It Ralph and Brave. On the red carpet, Pixar executive John Lasseter was asked if it's Pixar's goal to make Oscar-worthy films: "The ultimate goal is to entertain your audience," Lasseter told ABC News Radio's Jason Nathanson. "That's the most important thing, we try to entertain the audience, you know from the youngest kids to the oldest, and the teenagers and college students, that's what we strive to do."
7:34 p.m. ET: Reese Witherspoon is in head to toe Louis Vuitton. The presenter’s black and royal blue gown with side-swept hairdo screams old Hollywood glamor. Click here.
7: 24 p.m. ET: Best actress nominee Naomi Watts is in a gunmetal Giorgio Armani gown in grey sequins. See more arrivals here.
7:20 p.m. ET: Anne Hathaway’s dress may raise eyebrows tonight. The Les Miserables star is in a backless halter dress that appears slightly sheer on the red carpet.
7:18 p.m. ET: Beasts of the Southern Wild star Quvenzhane Wallis has her mom’s permission to stay out a little bit later tonight, she told Good Morning America’s Lara Spencer on the red carpet.
7:15 p.m. ET: “I feel super tucked in,” Amanda Seyfried said of the corset in her Alexander McQueen gown. “I can’t sit down.” The Les Miserables star is performing tonight.
7:07 p.m. ET: Another star goes strapless. Jennifer Lawrence, who’s up for Best Actress in Silver Linings Playbook, is in a blush Dior Haute Couture gown with a full skirt.
6:55 p.m. ET: Suraj Sharma, star of Best Picture-nominee Life of Pi, told ABC News Radio on the Red Carpet, “It’s overwhelming but it is extremely exciting. You can just feel this crazy energy over here.”
6:50 p.m. ET: Beasts of the Southern Wild director Benh Zeitlin, nominated for best director, and whose film is a contender for best picture, told ABC News Radio’s Jason Nathanson on the Red Carpet that he never anticipated his movie being an Oscar contender while he was making it. “It wasn’t even a possibility or anything that we even bothered to imagine,” Zeitlin said. Asked if he was feeling overwhelmed by the moment, Zeitlin said, “I don’t get overwhelmed too easily. It’s crazy…it’s a wild spectacle. It’s like going to the circus.”
5:30 p.m. ET: See what the stars see as they walk down the grand staircase to the Red Carpet at the Dolby Theatre. This 360 view is courtesy of the Academy.
Full List of the Nominees
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PHOTOS: The Best Oscar Dresses of All Time
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BACKSTAGE PASS: Download the Oscars App for insider views from the Red Carpet and behind the scenes. Click here to learn how!
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