onenews.co.nz's Jessica Beresford brings you the highlights from the red carpet and ceremony of the 85th Academy Awards.
6.00pm: The ceremony is concluded with another song from Macfarlane and Christine Schwab who are toasting "The Losers".
Life of Pi took away the most Oscars with four awards, closely followed by Argo and Les Miserables on three each.
The surprise win for the evening was Jennifer Lawrence who was awarded Best Actress for Silver Linings Playbook (but no one was more surprised than her).
5.56pm: The Argo team can now say 'take that' to the film Academy for not nominating Ben Affleck in the Best Directing category. Affleck thanks his contender Steven Spielberg because "he is a genius".
5.55pm: The nominees for Best Picture are Amour, Argo, Silver Linings Playbook, Beasts of the Southern Wild, Django Unchained, Lincoln, Life of Pi, Zero Dark Thirty and, last but not least, Les Miserables. The award goes to Argo.
5.53pm: Michelle Obama is presenting the award for Best Picture live from the White House. I didn't think politics could be even more a part of today's ceremony.
5.48pm: Daniel Day Lewis is the first actor to win three Academy Awards in the lead acting category.
5.46pm: The nominees for Best Actor are Bradley Cooper, Daniel Day-Lewis, Hugh Jackman, Joaquin Phoenix and Denzel Washington for Flight. The Oscar goes to Daniel Day Lewis for Lincoln.
5.42pm: Up for Best Actress are Jessica Chastain, Jennifer Lawrence, Naomi Watts, Emmanuelle Riva and Quvenzhané Wallis. The award goes to Jennifer Lawrence for Silver Linings Playbook, who takes a tumble on the way up to the stage. But it somehow makes her seem even more nice.
5.36pm: This is Ang Lee's second Academy Award for directing - he won his first in 2005 for Brokeback Mountain.
5.34pm: The nominations for Best Director are Michael Haneke for Amour, Benh Zeitlin for Beasts of the Southern Wild, Ang Lee for Life of Pi, Steven Spielberg for Lincoln and David O. Russell for Silver Linings Playbook. The award goes to Ang Lee.
5.26pm: Up for Best Original Screenplay are Amour, Django Unchained, Flight, Moonrise Kingdom and Zero Dark Thirty. The award goes to Quentin Tarantino for Django Unchained.
5.23pm: The nominations for Best Adapted Screenplay are Argo, Beasts of the Southern Wild, Life of Pi, Lincoln and Silver Linings Playbook. The Oscar goes to Chris Terrio for Argo.
5.16pm: Films nominated for best Original Song are Chasing Ice, Ted, Life of Pi, Les Miserables and Skyfall. The award goes to "Skyfall" by Adele for the latest Bond film.
5.09pm: Films nominated for Best Original Score are Anna Karenina, Argo, Life of Pi, Lincoln and Skyfall. The award goes to Life of Pi.
4.53pm: The Hobbit: An Unexpected Journey has not won any awards in the three categories it was nominated for.
4.47pm: Kristen Stewart looks an absolute mess. She's presenting the award for Best Production Design with Daniel Radcliffe (Harry Potter and Bella Swan? What?). The award goes to Lincoln.
4.33pm: The nominees for Film Editing are Argo, Life of Pi, Lincoln, Silver Linings Playbook and Zero Dark Thirty. The award goes to William Goldenberg for Argo.
4.25pm: Oscar trivia - A tie for an Academy Award is not unprecedented - in 1969 Barbara Streisand and Katharine Hepburn both won for Best Actress.
4.21pm: Amy Adams, Sally Field, Anne Hathaway, Helen Hunt and Jacki Weaver are up for the Best Supporting Actress award. The award goes to Anne Hathaway for Les Miserables. This is her first Academy Award.
4.15pm: Argo, Django Unchained, Life of Pi, Skyfall and Zero Dark Thirty are up for Best Sound Editing. And it's a tie between Zero Dark Thirty and Skyfall.
4.12pm: Mark Wahlberg is presenting the award for Best Sound Mixing, but he can't quite contain his guns in his tuxedo. Les Miserables wins the Academy Award.
4.07pm: So halfway through, only a handful of awards have been given out. That's what happens when they focus more on the show than the recognition. So far Life of Pi is on top with two gongs.
4.05pm: The Academy Awards have definitely taken a leaf out of the Tony's book for the show this year.
3.58pm: Jennifer Hudson gives an impressive rendition of a song from Dream Girls, followed by the cast of Les Miserables singing a medley from the film.
3.55pm: Musical king John Travolta introduces a tribute to musicals on the big screen - Catherine Zeta-Jones shows she still has it with a performance of All That Jazz from Chicago.
3.50pm: Amour, Kon-Tiki, No, A Royal Affair and War Witch are up for the Foreign Language Film award. The Oscar goes to Amour.
3.45pm: Up for Best Documentary Feature are 5 Broken Cameras, The Gatekeepers, How to Survive a Plague, The Invisible War and Searching for Sugar Man. The award goes to Searching for Sugar Man.
3.35pm: Inocente wins the award for Best Documentary Short.
3.33pm: Up for Best Live Action Short Film are Asad, Buzkashi Boys, Curfew, Death of a Shadow and Henry. Shawn Christensen wins the award for Curfew.
3.22pm: The Academy is looking back through the years of the James Bond franchise for its 50th anniversary.
3.20pm: Nominees for Makeup and Hairstyling are Hitchcock, The Hobbit: An Unexpected Journey and Les Miserables. The award goes to Les Miserables.
3.15pm: The nominees for Best Costume Design are Anna Karenina, Les Miserables, Lincoln, Mirror Mirror and Snow White and the Huntsman. The award goes to Jacqueline Durran for Anna Karenina.
3.10pm: Life of Pi gets two from two with Best Visual Effects. That's one less The Hobbit: An Unexpected Journey can win.
3.07pm: The nominees for Cinematography are Anna Karenina, Django Unchained, Life of Pi, Lincoln and Skyfall. The award goes to Claudio Miranda for Life of Pi.
3.00pm: Brave wins the award for Best Animated Feature Film.
2.57pm: Adam and Dog, Fresh Guacamole, Head over Heels, Maggie Simpson in The Longest Daycare and Paperman are up for Best Animated Short Film. The award goes to Paperman.
2.47pm: The nominees for Best Supporting Actor are Alan Arkin, Christoph Waltz, Robert de Niro, Philip Seymour Hoffman and Tommy Lee Jones. The award goes to Christoph Waltz for Django Unchained, and deservedly so.
2.45pm: I can only think of Sally Field as Mrs Doubtfire's wife.
2.40pm: Macfarlane is all song and dance before any awards have even been given out - he's trying to prove his worth as a good Oscars host.
2.35pm: Jamie Fox behind the scenes at the show.
The Academy (@TheAcademy) February 25, 2013
2.33pm: The first joke about Ben Affleck's snub in the Best Directing category has already been cracked. Macfarlane says the Academy "know they screwed up".
2.26pm: Both Renee Zellweger and Catherine Zeta-Jones look very different to when they starred in Chicago together - it's the immobile foreheads that does it.
2.20pm: Django Unchained star Jamie Fox just shamelessly hit on Kelly Rowland while being interviewed on the red carpet - and next to his 19-year-old daughter.
2.12pm: Anne Hathaway says she was an "absolute basket case" when she had to cut her hair off for her role as Fantine in Les Miserables.
2.05pm: Guy pals George Clooney and Ben Affleck coordinated with matching beards for the occasion.
2.03pm: Halle Berry looks like a very fashionable vertical column in Versace - she's here to pay tribute to the Bond franchise.
2.00pm: The Academy Awards are kicking off soon - and everyone is eagerly anticipating what scandals Family Guy creator Seth Macfarlane will throw into the mix.
1.45pm: Adele, nominated for Best Original Song for Skyfall, looks incredible in a black embellished gown.
1.43pm: Oscar trivia - The youngest and oldest ever to be nominated in the Best Actress category are in competition today - Emmanuelle Riva, 85, is up against Quvenzhane Wallis, 9, for her role in Beasts of the Southern Wild.
1.18pm: Anne Hathaway has chosen Prada for her Oscar win today. It's a different style than the strapless she usually opts for - but I can't say it's doing her any favours. TMZ has dubbed her "Les Nipplerables".
1.15pm: Helen Hunt is pretending to be a commoner wearing an H&M dress - but then decorated herself in $700,000 worth of jewellery.
1.08pm: Oscar trivia - Almost half of those up for acting awards today are already Oscar winners - including Daniel Day-Lewis, Robert de Niro, Denzel Washington and Sally Field who all have two each.
1.03pm: Old timer Dustin Hoffman says the Oscars have not changed since he first attended in 1967.
12.50pm: I hope Amanda Seyfried's performance with the Les Mis cast is better than her choice of gown.
12.35pm: Channing Tatum says his unborn child is his "best production yet". No arguments there, Magic Mike.
12.31pm: Samantha Barks is turning heads with a plunging neckline - maybe she's trying to stand out as the least well-known among the Les Miserables cast.
12.26pm: Amy Adams needs an entourage to manoeuvre through the red carpet with her over-sized gown. She's wearing a powder blue Oscar de la Renta dress.
12.25pm: Oscar trivia - Walt Disney has won the most Academy Awards, with 22 wins and 59 nominations throughout his lifetime.
12.18pm: Heidi Klum has tweeted a sneak-peek of her dress:
12.15pm: Jessica Chastain has been dubbed a "young Meryl Streep" - this is her second nomination in two years.
12.06pm: Man of the moment Eddie Redmayne, of Les Miserables, says the movie has set the bar high for singing live while filming.
12.03pm: Oscar trivia - If Argo wins Best Picture today, it will be the first time in over 20 years a film has won in the category without a Best Directing win too.
11.58am: Apparently the ladies are opting for a thigh-high split in their gowns as opposed to showing shoulders - I hope they don't follow in the foot steps of Angelina Jolie at last year's ceremony.
11.50am: ONE News US correspondent Jack Tame says the results have just arrived at the theatre.
Oscars update: ballots are walked in.. crowd cheers... GDPR dividing opinion with her hair. She is very little.Jack Tame (@jacktame) February 24, 2013
11.35am: The E! hosts have chosen Silver Linings Playbook actress Jennifer Lawrence as their most anticipated person on the red carpet.
11.30am: As expected, Twitter is already rife with comment on what to expect from today's show - in particular Seth Macfarlane's hosting abilities and Jennifer Aniston's return to the Oscars after four years.
Today's ceremony from the Dolby Theatre in Los Angeles looks set to be as good as any, with few sure bets as to who will take out the top gongs.
Whether you're rooting for crowd favourite Argo, Ang Lee's fantastical Life of Pi or just interested in the over-the-top fashion on the crimson carpet, I for one hope there are a few feathers ruffled among Hollywood's elite.