Oscar awards live stream and results 2009

All eyes will be riveted on the biggest movie event of the year, the 81st Academy Awards on February 22.

People will witness the celebration together with prominent film industry leaders, distinguished cineastes, and legendary actors and actresses who have bagged worldwide recognition in previous awards.

Australia star Hugh Jackman will host this year’s Oscars.

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The Red Carpet, which is the most-awaited part of the event, reveals the actors' and actresses’ wares – who’s-wearing-who, who grabs the Best-Dressed and Worst-Dressed awards, and which fearless celebrity makes a strong fashion statement.

The Academy Awards also hold some of the most memorable moments when it comes to the winners' victory speeches. It could either be a very humorous or a touching one, but all of them would seem significant.

Vying for the much coveted Best Picture award is a peculiar film about a man born old who grows younger as time passes, The Curious Case of Benjamin Button. It leads the pack with the most number of nominations followed by Indian film, Slumdog Millionaire, which narrates a story of a man who stands to become a millionaire with the help of his experience in real life but has to face the consequences along with it. Other contenders for the Best Picture award are Milk, a film about a gay camera store owner who decides to run for office, Frost/Nixon, a story about how former President Richard Nixon's and journalist David Frost's lives intertwine, and The Reader, a drama about a law student and his former lover who served as a guard in an Auschwitz concentration camp.