First award of the nightpublished at 01:41 Greenwich Mean Time 23 February 2015
Best supporting actor - JK Simmons, Whiplash
Eddie Redmayne wins best actor
Julianne Moore wins best actress
Birdman wins best picture and best director
Grand Budapest Hotel and Birdman win four awards each
Victoria Lindrea, Genevieve Hassan and Sarah Jane Griffiths
Best supporting actor - JK Simmons, Whiplash
Neil Patrick Harris has pointed out (albeit indirectly) that this year's best film nominees collectively grossed one of the lowest ever totals.
Altogether, they grossed $600m - American Sniper was the most successful, accounting for more than $300m.
Tim Masters
Entertainment correspondent in Los Angeles
Neil Patrick Harris's opening Moving Pictures song brought a touch of pure Broadway to the Oscars. It got a round of applause in the press room.
The Oscars - where else can you get dancing Stormtoopers?
Yay for Jack Black! Singing his own ranty-song about film in great comedy fashion.
Now Anna Kendrick is getting in on the action dressed in her Into the Wood's costume.
We kick off with a Tony-style song and dance number with Neil Patrick Harris singing about bitter Oscars losers and a tribute to movies in all their glory.
Neil Patrick Harris's opening line: "Tonight we honour Hollywood's best and whitest - sorry brightest."
And we're off!
Best actress nominee Felicity Jones prepares to take her seat...
Keep tweeting and emailing us your views on the ceremony and winners as they're announced.
There has been plenty of talk on Twitter about this year's outfits - good and bad.
Mixed reactions to Jennifer Lopez's nude gown - Red Magazine tweets, external: "J-Lo taking princess dresses to a whole new level."
But TheFrisky aren't so keen, external: "'She looks like she's covered in a giant piece of salmon flesh.' — my brother on J. Lo's dress."
Gwyneth Paltrow's gown is getting no love from Grazia Magazine, external, which tweets: "Ermmm Gwyneth is dodgy bride meets prom queen."
PA Showbiz tweets: ", externalMarion Cotillard has a dress befitting a best actress #Oscars2015 nominee."
Fashion Foie Gras tweets, external: "Rosamund Pike wins it for best shoe/skirt slit pairing. Love this. Such a great ensemble from top to toe."
British nominee Keira Knightley - who is pregnant with her first child - joined Lady Gaga on the red carpet.
Gaga's dress took 25 people 10 weeks to make. Judging by the gloves, she's expecting to have to do the washing up after the ceremony.
Five minutes to go! The actors are all in their seats and we're about to begin.
Jennifer Aniston and best supporting actress nominee Emma Stone shared a cuddle on the red carpet.
Benedict Cumberbatch, who brought his new wife Sophie Hunter, also wore white to the ceremony.
Jennifer Lopez and Nicole Kidman were some of the last guests to walk the red carpet.
Their dresses drew mixed responses from the fashion police.
If you want to catch up on more pictures of the stars striking their best poses, have a look at our dedicated picture gallery.
Willow Bay, the wife of the Walt Disney Company boss Bob Iger, came dressed apparently ready to prompt Disney's next big film. Yes, that is Yoda. On a dress.
Best actor nominee Steve Carell brought his wife, Nancy, to the ceremony.
Gwyneth Paltrow, pretty in pink.
Rita Ora will be performing at the ceremony.