We're live-blogging the Oscars 2012! Join us for up-to-the-minute updates on all the red carpet gossip and award results. You can read the full list of nominees here.
04.35: Here it comes... The Artist!
04.29: And - surprise surprise - Meryl wins Best Actress. The lady is NOT for turning!
04.18: Jean Dujardin wins for Best Actor!
04.16: Almost time for Best Actor... Any joy for our great British hope this year, Gary Oldman for Tinker Tailor Soldier Spy?
03.54: Hazanavicius says he is "the happiest director in the world right now". Depsite winning plenty of awards already, the French director looks really overwhelmed nonetheless.
03.50: So, here come THE REALLY BIG ONES. Best director goes to Michel Hazanavicius!
03.44 Best Animated Short: The Fantastic Flying Books of Mr. Morris Lessmore
03.43: And size doesn't matter they say. The winner of the best documentary short subject is Saving Face.
03.32: The Oscar for Best Short Live Action goes to: The Shore
03.29: Best original screenplay goes to Midnight in Paris - a surprise! An excellent string of nominees in this category this year.
03.27: And The Descendants wins Best Adapted Screenplay. First one for Payne.
03.18: Best Original Song: The Muppets (Man or Muppet). Yessssss!
03.14: Best Original Score goes to The Artist. Second one of the night for the awards favourite.
03.01: And it goes to Christopher Plummer. Record-breaker, at 82. Nice one.
02.59: Here we go, best supporting actor. Come on octagenarians...
02.55: Best Visual Effects: Hugo
02.45: Best Animated Feature: Rango. Hurrah, we're pleased about this one.
02.45: Chris Rock gives a hilarious insight into the ease of making animations. "And then they give me a million dollars!".
02.43: Best Documentary Feature: Undefeated
02.28: And the Oscar for sound mixing goes to... Hugo. Again. Hugo is cleaning up!
02.25: Sound editing: Hugo. Nothing for Drive then. Sound editing was its only Oscar nomination.
02.23: Achievement in film editing: The Girl with the Dragon Tattoo
02.13: Lots of crying from Octavia Spencer!
02.10: And it's time for Best Supporting Actress! Octavia Spencer it is. She looks totally overwhelmed and extremely grateful.
02.07: Best Foreign Language film - A Separation. Hurrah!
02.04: And we're building up to Best Supporting Actress. Melissa, Jessica, Octavia?
01.57: Achievement in make-up: The Iron Lady
01:54: Achievement in costume design: The Artist (Mark Bridges).
01.49: So Hugo's got the first two. Is Scorsese about to scoop The Artist after all?
01:45: Art Direction: Hugo
01:43: Cinematography: Oscar goes to Hugo
01:39: Billy Crystal: ""Nothing can take your mind of the world's economic problems like a bunch of millionaires handing each other gold statues.
01.37: George Clooney gave Billy Crystal a big old smooch, in an opening sketch that made much of the fact that this is Crystal's ninth time as host, before parodying most of the best picture nominees and some others including Mission Impossible 4 and Tintin.
01:30: Oscar time!
01:20: Almost time for the ceremony itself! We hear Billy Crystal's practicing backstage. Even old-timers get nervous it seems...
01:13: Gwyneth Paltrow is street. She knows what the "apple and pears" and the "dog and bone" are.
00.59: First thing Jean Dujardin did after finishing The Artist was to shave off his tache apparently.
00.45: Christopher Plummer, 85, is a real charmer. He had more fun on camera in Beginners, he says, than any other movie.
00.43: Talking to Emma Stone. She's wearing a lot of bling.
00.21: Jonah Hill has brought his mum to the Oscars. Aw!
00.30: Octavia Spencer, favourite for Best Supporting Actress, talks to Sky Movies. Looks fairly overwhelmed.
0024: Sach Baron Cohen turned up to the red carpet dressed as The Dictator after all, only to be escorted off again!
0019: So there are something called "talent flow managers", filtering people depending on how important they are...
0017: Lucy Cotter on the red carpet. There are actually three lanes on the red carpet.
00:14am: Nick Moran says his favourite thanks speech was Mel Brooks. Who do we think will be the funniest speech-giver this year?
11.55: Boyd says The Artist is "life-affirming"
11.50: Boyd Hilton says Clooney may win because he's popular.
11.48: Alexander Payne interview. Will The Descendants get any of its five noms?
11.41: People saying over in LA that Viola Davis will beat Meryl Streep to the best actress oscar.
11.37: Live from the red carpet is Lucy Cotter.
11.30pm: And we're off! First, to the studio, where Alex Zane is interviewing Natalia Tena, Henry Holland, Boyd Hilton and Nick Moran.
Our red carpet coverage starts from 11.30pm on Sunday 26 February on both Sky Movies Premiere HD and Sky Living HD with Alex Zane and guests in the studio.
The ceremony starts at 1.30am and is exclusive to Sky Movies HD.