3:40pm
Until next year, this is Jess signing off ;) GO MERYL!!

3:39pm
BILLY: That's our evening. Good night everybody.

3:37pm
Even the dog, Uggie is on stage. Love it!!

3:35pm
And the BEST PICTURE Oscar goes to...THE ARTIST! ..."My Pleasure"

3:32pm
He makes the impossible possible, Tom Cruise!

3:32pm
Only 1 more to go. The BIG ONE! Stay tuned...

3:29pm
And the Best Actress Oscar goes to... MERYL STREEP!!! - The Iron Lady. Hells yeah! Everything comes in 3s. It's about time. I told you, it was the dress.

3:23pm
Here comes The Colin, or as I like to call him, Mr Darcy. Now, it's all about Meryl. Come on lucky number 17!

3:18pm
And the Best Actor Oscar goes to... JEAN DUJARDIN! - The Artist. The man says two words the entire film, not many actors could pull that off. Brilliant! Sorry George.

3:14pm
Last year's Best Actress winner and psycho ballerina, Natalie Portman... Here comes the Best Actor Oscar...

3:10pm
VIDEO: Why I watch and make movies...

3:03pm
In Memoriam... to the stunning tune of "What A Wonderful World"

2:57pm
Oh my god! It's Mufasa, Lady O and....that other guy!

2:55pm
The most nominated and therefore biggest Oscar loser Meryl Streep graces the stage with her presence to take us through the Governors Ball event

2:52pm
And the Oscar for Best Director goes to... MICHEL HAZANAVICIUS! - The Artist. Sorry Scorsese fans.

2:50pm
The man who gave us "Greed is good" hits the stage - Michael Douglas

2:45pm
And the Oscar goes to...THE FANTASTIC FLYING BOOKS OF MR MORRIS LESSMORE! - William Joyce and Brandon Oldenburg. They may not be Pixar but they're still animators. It's ALL good.

2:44pm
Best Animated Short...

2:42pm
And the Oscar goes to... SAVING FACE! - Daniel Junge and Sharmeen Obaid-Chinoy

2:42pm
Best Documentary Short... "SCORSESE!" Everybody drink!

2:40pm
And the Oscar for Best Live Action Short goes to... THE SHORE! - Terry George and Oorlagh George, An Irish father and daughter team. Awesome!

2:39pm
Are they talking about short films or short *cough*?

2:38pm
Here are the Bridesmaids!!!

2:37pm
Milla Jovovich, a nerd's wet dream, recaps the Technical Oscars event she hosted last week

2:31pm
VIDEO: A great movie?...

2:30pm
And the Oscar goes to...MIDNIGHT IN PARIS! - Woody Allen ...who is not there. Bummer!

2:29pm
Best Original Screenplay... Come on Bridesmaids!

2:26pm
Um...Dean Pelton just won an Oscar. That is too cool. "Community" people, look it up! You won't be sorry.

2:26pm
And the Oscar for Best Adapted Screenplay goes to... THE DESCENDANTS! - Alexander Payne and Nat Faxon & Jim Rash. George Clooney just won and lost at the same time...sort of.

2:24pm
Please welcome the original "Girl with a dragon tattoo", Angelina Jolie...

2:20pm
The audience members are getting handed free popcorn and...are they Kit Kats? Where's mine Academy!?

2:18pm
And the Oscar for Best Original Song goes to..."MAN OR MUPPET" - Bret McKenzie. Go New Zealand! Jason Segel looks so happy, he's too cute.

2:16pm
Will Ferrell and Zach Galifianakis...Oy vie! They have Cymbals people!

2:14pm
And the Oscar goes to...THE ARTIST! - Ludovic Bource. Take that Hugo! The Artist is ALL music, NO dialogue. How could it NOT win!?

2:13pm
Woody Allen's muses Cruz and Wilson take the stage to present the Best Original Score award

2:11pm
Ready Mr Music... BILLY: "meh"

2:10pm
Meryl looks AMAZING! She's dressed just like the statue she's going to be taking home later ;)

2:10pm
Cue: "Hail to the Chief"...Opps, wrong President.

2:08pm
Billy is showcasing his psychic abilities...

2:00pm
And the Oscar goes to CHRISTOPHER PLUMMER! (Beginners). Plummer has now swept the awards season. Way to go Captain Von Trapp! Christopher is the oldest actor to win an Oscar, at the age if 82

1:58pm
Melissa Leo (last year's Best Supporting Actress winner) graces the stage to present the Best Supporting Actor award

1:56pm
And the Oscar goes to... HUGO! Rob Legato, Joss Williams, Ben Grossmann and Alex Henning. That's 5! I'm not sure how Hugo beat Planet Of The Apes. Whatever.

1:52pm
Ben Stiller and Emma Stone present the award for Best Visual Effects. What's an Oscars without Ben Stiller? As for Emma, it's her first time and she isn't shy about letting everyone know. God she's good.

1:52pm
Best Supporting Actress Nominee Melissa McCarthy propositions Billy back stage. Too good!

1:47pm
And the Oscar for Best Animated Feature goes to..RANGO! - Gore Verbinski

1:46pm
Chris Rock gives his thoughts on the ease of making an Animation. Funny guy!

1:44pm
Ladies and Gentlemen, Chris Rock...

1:42pm
And the Oscar for Best Documentary Feature goes to...UNDEFEATED!

1:39pm
Gwyneth and Robert Downey Jr with his "Documentary" crew hit the stage. Look out people!

1:40pm
The Flomax Theatre. That's 3 for Billy, 0 for Kodak

1:39pm
BILLY: Wow, I pulled a hamstring just watching that.

1:35pm
First performance of the night: Cirque du Soleil goes to the movies and take a couple of "audience" members with them... with the help of the amazing musical genius Danny Elfman

1:34pm
Holy crap! It's KERMIT THE FROG and MISS PIGGY!!!

1:28pm
And the Oscar goes to... HUGO! - Tom Fleischman and John Midgley. Wow, didn't see that one coming. That's 4!

1:27pm
Sound Mixing...

1:25pm
And the Oscar goes to... HUGO! - Philip Stockton and Eugene Gearty. That's 3!

1:25pm
Sound Editing...

1:25pm
And the Oscar goes to... GIRL WITH THE DRAGON TATTOO! Yeah! Aussie Aussie Aussie! That's two in a row for Kirk Baxter and Angus Wall. They also won last year for 'The Social Network'

1:23pm
Tina Fey and Bradley Cooper (rocking a wicked porn star Mo) hit the stage to present the Editing award. Go Kirk Baxter! Aussie Aussie Aussie!

1:21pm
Billy confesses that George is a very good kisser. Duh!

1:19pm
VIDEO: The very first focus group for 'The Wizard of Oz'... Sort of... It actually looks like the Who's Who of Christopher Guest films. Oh wait, it is! Awesome!

1:13pm
Octavia gets a Standing O from the audience. And thanks everyone for "Changing my life". Well done Minny!

1:12pm
And the Oscar for Best Supporting Actress goes to... OCTAVIA SPENCER! (The Help)

Oh my god it's BATMAN! As last year's Best Supporting Actor winner Christian Bale presents this year's Best Supporting Actress award.

1:07pm
And the Oscar goes to...A SEPARATION! (Iran)

1:05pm
Last year's Best Actress winner Sandra Bullock... and she's speaking German to present the Best Foreign Language Film.

1:00pm
Video: Stars reflect on the first movie they saw, including: Adam Sandler, Brad Pitt, Helen Mirren and Ben Stiller

12:58pm
And the Oscar goes to...THE IRON LADY! - Mark Coulier and J. Roy Helland. Well deserved. Meryl looked amazing in that film.

12:57pm
Here comes the Make-Up award. The most important in Hollywood. Someone has to cover up all those plastic surgery scars.

12:55pm
And the Oscar goes to...THE ARTIST! - Mark Bridges. First one of the night for The Artist of what I'm sure will be MANY.

12:54pm
Cameron Diaz and Jennifer Lopez have just hit the stage to present the award for Costume Design

12:52pm
Cue the random 'Twilight' clip for 12-25 demo

12:51pm
"Your Name Here Theatre" Love it!! I hope there's more to come Billy

12:45pm
And the Oscar goes to...HUGO! - Production Design: Dante Ferretti; Set Decoration: Francesca Lo Schiavo. So far that's 2 for 2 for Hugo. Well done Marty.

12:44pm
Next up: Art Direction.

12:43pm
And the Oscar goes to...HUGO! - Robert Richardson

12:42pm
Please welcome to the stage 2 time Oscar winner Tom Hanks as he presents tonights first award.. Cinematography.

12:37pm
"Chapter 11 Theatre" Love it!

12:36pm
Heeeeeeeeeeeeere's BILLY!

12:35pm
No movie is safe from the comedy of one Mr Billy Crystal

12:32pm
Surprise #1 of the night: George kissed Billy. Hot!

12:30pm
Morgan Freeman (AKA God) hits the stage to introduce the night. Roll tape...

12:30pm
And we're off...

12:25pm
5 minutes to go!

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