Best supporting actor goes topublished at 01:30 British Summer Time 26 April 2021
Daniel Kaluuya for Judas and the Black Messiah.
Nomadland wins best film, best director and best actress
Chloé Zhao is the first woman of colour to win best director and only the second woman ever to win
Frances McDormand is named best actress, also for Nomadland - her third win in that category
Sir Anthony Hopkins wins best actor for The Father, the late Chadwick Boseman had been tipped to win
Daniel Kaluuya honoured with best supporting actor award for Judas and the Black Messiah
Other British winners include Emerald Fennell for best screenplay
Yuh-Jung Youn wins best supporting actress, the first Korean performer to win an acting Oscar
Soul lands best animated film and best original score
This year's event was the most diverse Oscars ever, with nine of the 20 acting nominees from ethnic minority backgrounds
Emma Saunders and Paul Glynn
Daniel Kaluuya for Judas and the Black Messiah.
And the winner is - Another Round.
Read more about the Danish movie here.
In his speech, director Thomas Vinterberg described the film as being about "four depraved white men".
He spoke of his daughter who died in an accident when the film was being made.
"We miss her and we love her... we ended up making this money for her as a monument... this one's for you."
If our live page isn't quite enough for you (we won't hold a grudge) you can also tune into OJ on BBC Radio 2, where there'll be live updates from our very own Colin Paterson and Oscars chat.
But stay with us too, of course. It's all possible in 2021!
Anthony Hopkins shone as an elderly man dealing with his progressing memory loss, in the film based on Florian Zeller's 2012 play La Pere.
"I wrote the script for him" said Zeller, who also made his directorial debut for the movie version.
"To me he's the greatest living actor."
The Academy clearly agrees as Hopkins is up for best actor. He's not here tonight though.
Emerald said she wasn't expecting the win and described her Oscar trophy as "cold" and very "heavy" on picking it up. She added she was trying not to cry as it wasn't a very "English" thing to do.
She also thanked a list of people, including her son - quipping that she was crossing her legs all the way through shooting the film (she was seven months pregnant at the time).
Best original screenplay goes to Emerald Fennell for Promising Young Woman.
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The show is now underway and Union Station is playing host to part of it.
Ahead of the Oscars, the BBC's Tom Brook took a tour to see if the train station was ready for the spotlight.
All aboard.
Broadcasters in the States have just shown a pre-recorded special performance by UK singer and former BBC Sound of winner Celeste.
She's just admitted it's "so surreal" to actually be out there in LA, where (fun fact) she was actually born.
Her song Hear my Voice is taken from the film The Trial of the Chicago Seven and you can read all about how she made it here.
We've just had our first moment of classic British bashfulness on the red carpet.
When asked what she thought of her director Emerald Fennell, Promising Young Woman star Carey Mulligan replied: "Oh... asking English people to be nice about each other in front of each other is incredibly difficult."
Luckily the star did then find some words of praise.
"I don't ever want to work in a film that she doesn't direct, I'm going to follow her for the rest of her life," she continued.
"I mean, truly. She's just the greatest person, everyone can see how talented she is and what a brilliant writer she is and what a ridiculously amazing director."
See, that wasn't so hard now was it?
Viola Davis is already an Oscar winner, having picked up a best supporting actress award for her role in Fences in 2016.
This time she's up for best actress for her performance as blues singer in Netflix film Ma Rainey's Black Bottom.
She's one of the favourites so watch this space...
After the success of Parasite last year, another Korean-language film is in the running this time around.
Minari follows a family of South Korean immigrants who try to make it in the rural United States during the 1980s. It's up for best picture and one of its stars, Steven Yeun, is up for best actor too.
He's just told reporters on the red carpet that director Lee Isaac Chung's script blew him away.
"Reading his script, it was deeply truthful, so honest," he said.
"I really loved how it was uncompromisingly honest, and confident in itself and I really enjoyed that."
Truth and confidence: that's the key to success folks.
Glenn Close just walked the red carpet - and not for the first time. She's been nominated eight times for an Oscar but has never won.
This year she's recognised in the best supporting actress category for her portrayal of Bonnie "Mamaw" Vance in the film Hillbilly Elegy.
"She was a matriarch," she told reporters.
"And like many matriarchs around the world she held her family together and she made sure that her grandson had a chance in life that she didn't have."
Aside from gathering snacks, we've been back through the nominations list and rounded up some interesting facts about this year's contenders - from quirky coincidences to the records that could soon be broken.
Emerald Fennell is among those rocking the red carpet in LA this evening - and flying the flag for the Brits.
Her feature directorial debut, Promising Young Woman, is up for five Oscars, including best director.
From Call the Midwife to Oscars contender. What a journey!
Her comedy thriller has just been compared to "poison popcorn" by a US reporter.
The director seemed to agree, adding she wanted to make "something that feels like it's going to be fun and beautiful, but actually is maybe hiding something darker".
Job done.
That's not a trick question by the way.
With cinemas closed during lockdown, a lot of the movies have been snapped up by streaming sites.
But it has been hard to keep track at times. Here's where you can see the major movies in the race.
There has been some concern too that ratings for tonight's ceremony will be significantly lower this year, as many of the films have struggled to cut through to the general public.
OK, let's just quickly remind ourselves of which movies are nominated for what, shall we?
Mank leads the way overall with 10 nominations but critics reckon it's unlikely to win the night's top prizes.
Those could go to the likes of Nomadland, Minari and Ma Rainey's Black Bottom.
Here's the line-up for the big one - best picture:
Who is your money on?
Good evening one and all - welcome to our live coverage of this year’s Oscars ceremony.
That’s right – an actual in-person awards ceremony. Remember them?!
Things will be a little different this year due to Covid restrictions but mercifully, the Oscar nominees have been told to avoid appearing via virtual platforms such as Zoom.
The event will be split across two Los Angeles venues - the Dolby Theatre and Union Station - with an additional London venue for the Brits and a hub in Paris.
The main show starts at around 01:00 BST but we'll be bringing you plenty of red carpet action before that.
For now though, here's everything you need to know, including precisely how the ceremony is going to work and why the best actress race is so unpredictable this year.