12:06- This has been fun. A great Oscars night with some surprises and laughs. Can't wait until next year. Thanks for following along with us. Good night!
12:04- MacFarlane and Kristin Chenoweth round out the show with a song dedicated to the night's losers.
12:00- Ben Affleck gives a great emotional speech. He has been the MVP of the award season and gets his final trophy.
11:56- Argo brings home the bacon. Best Picture winner.
11:55- Jack Nicholson and Michelle Obama (via video) introduce the Best Picture nominees. It's weird she's involved and Nicholson seems to have gone crazy.
11:53- Meryl Streep gives the Best Actor award to Daniel Day Lewis. He is the first actor to win the category three times. This is the least surprising reveal of the night. Pretty witty speech for honest Abe.
11:42- Jean Dujardin presents Best Actress to Jennifer Lawrence, who falls up the stairs. Hugh Jackman and Jean Dujardin rush to help her, but Katniss can handle herself.
11:35- Jane Fonda and Michael Douglas give the Best Director award to Ben Affle... Oops, he wasn't nominated. Ang Lee takes home the award for "Life of Pi"
11:25- Tall actress Charlize Theron and short actor Dustin Hoffman announce "Argo" as Best Adapted Screenplay and "Django Unchained" as Best Original Screenplay. It's always fun when you get to hear Tarantino. He ends with a 90's throwback, "Peace out." He is insane... like a fox.
11:10- Seth MacFarlane busts out the night's first gay joke. The cast of "Chicago" gives Best Score to "Life of Pi" and Original Song to Adele for "Skyfall." (I wrote Adele's name down before the award was even announced. It was a sure thing.) In the meantime, Norah Jones performed her song from "Ted."
11:00- George Clooney intros the In Memoriam Segment. Barbara Streisand joins in to sing "The Way We Were." It's always a nice tribute. This year seemed short, which is definitely a good thing.
10:53- The Governer's Award montage introduced by Selma Hayek. These are honorary Oscars. Cool?
10:50-Kristen Stewart clears her throat into the microphone. Daniel Radcliffe is awesome. They present the award for Production Design to "Lincoln."
10:45- Nicole Kidman rounds out the Best Picture nominees. We're getting close.
10:40- Jennifer Lawrence introduces Adele who sings "Skyfall." It seems the musical theme for the broadcast is a massive success.
10:30- Sandra Bullock proves to be a likeable presenter with some self-depricating small talk. "Argo" nabs film editing.
10:25- Anne Hathaway completes the award season sweep and captures the Best Supporting Actress award. Christopher Plummer presents.
10:12- After some tech talk, Ted and Mark Wahlberg have some funny and not so funny exchanges. They give Best Sound Mixing to "Les Miserables." A tie for Sound Editing goes to "Zero Dark Thirty" and "Skyfall." Why don't we just give Oscars to every long haired sound editor in Hollywood?
10:05- John Travolta introduces three performances from this decade in musical film. Catherine Zeta Jones, Jennifer Hudson and the cast of Les Mis. Each is more impressive than the last. I bet a few voters would change their Best Picture vote after Hugh Jackman and co. just tore the roof off the Dolby Theater.
9:50- Jennifer Garner and Jessica Chastain give "Amour" the Best Foreign Language Film award. No surprise there. But the director put us to sleep with his speech.
9:45- Ben Affleck presents "Searching for Sugar Man" the award for Best Documentary Feature.
9:42- Our host is back to insult a few more people. Among them, Ben Affleck, who happens to be presenting next.
9:40- Liam Neeson, the most bad ass actor in history, introduces three more best picture nominees.
9:36- Jamie Foxx and Kerry Washington present the award for Live action short film to "Curfew" and documentary short to "Inocente." We're slogging through the minor categories.
9:28- Halle Berry introduces the celebration of 50 years of James Bond. The montage was exciting but nothing we haven't seen before. Shirley Bassey followed it up by singing "Goldfinger." She gets a standing ovation from the A-listers and deserved it. Pretty epic.
9:18- Channing Tatum and Jennifer Aniston have a funny exchange. They present the award for costume design to "Anna Karenina" and best makeup and hairstyling to "Les Miserables."
9:10- The Avengers are here! They present the awards for cinematography and visual effects. "Life of Pi" takes them both. Looks like we're going with loud classic movie scores to cut off the acceptance speeches when they go over. Funny, but rude. That's Seth MacFarlane.
9:05- Reese Witherspoon introduces our first three best picture nominees. This is a tough category to pick.
9:00- Paul Rudd and Melissa McCarthy award "Paper Man" and "Brave" with the animated short and animated feature awards.
8:55-Octavia Spencer presents Christoph Waltz with the Oscar for Best Supporting Actor. That's a bit of an upset over the heavyweight favorites, Robert De Niro and Tommy Lee Jones. It looks like it's going to be a night full of surprises.
8:48- Seth's opening was pretty successful. Funny, a bit over the top and entertaining.
8:40- Seth MacFarlane hitting his stride. Who knew William Shatner would feature so prominently.
8:30- WE ARE LIVE!
8:22- In the home stretch. ABC is stretching to try and fill the final minutes.
8:03- I'm not sure why some of these people are here. I may or may not be looking at you Jennifer Aniston.
7:54- Looks like the women went first down the red carpet. The leading men now. Hugh Jackman, Chris Evans, Robert De Niro, Daniel Radcliffe. Nothing like a Harry Potter cameo.
7:49- Making my picks with the Oscar App. Going for the perfect score tonight.
7:32- Okay, too much fashion police. ABC has some great pre-recorded segments. The Google year in review montage really set the tone. 2012 was a great year on the silver screen.
7:25- So far it seems E! has the best red carpet coverage. Ryan Seacrest always has a leg up on the other on-air reporters.
7:15- Many of the nominees have given their two cents. Jennifer Lawrence, Naomi Watts, Anne Hathaway. Lots of fashions, no idea which ones are fashionable.
7:00 PM- The red carpet is in full swing.
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