UPDATE: Oscars 2012 Live Update: Full List of Winners at the 84th Annual Academy Awards

Finally, the moment has arrived. The 84th annual Academy Awards are being telecast live from the Hollywood & Highland Center (formerly known as the Kodak Theater) in Los Angeles.

Here are the major nominations and the nominees:

Best Picture: The Artist, The Descendants, Extremely Loud & Incredibly Close, The Help, Hugo, Midnight in Paris, Moneyball, The Tree of Life, War Horse.

Actor in a Leading Role: Demián Bichir, George Clooney, Jean Dujardin, Gary Oldman, Brad Pitt.

Actress in a Leading Role: Glenn Close, Viola Davis, Rooney Mara, Meryl Streep, Michelle Williams.

Directing: The Artist, The Descendants, Hugo, Midnight in Paris, The Tree of Life.

Where to watch the live streaming?

Below are the Web sites where you can enjoy the live streaming of the 2012 Oscar Awards online:

The official Web site of the Oscars

AP Live Entertainment

Livestream.com

E! Entertainment Web site

Ustream.tv

Celebrities who will present winners with awards are (in alphabetical order):

Christian Bale, Halle Berry, Bradley Cooper, the Bridesmaids cast (Rose Byrne, Ellie Kemper, Melissa McCarthy, Wendi McLendon-Covey, Maya Rudolph and Kristen Wiig), Tom Cruise, Penelope Cruz, Cameron Diaz, Michael Douglas, Will Ferrell, Tina Fey, Colin Firth, Zach Galifianakis, Angelina Jolie, Milla Jovovich, Melissa Leo, Jennifer Lopez, Natalie Portman, Chris Rock, Ben Stiller, Emma Stone and Meryl Streep.

What after the awards?

After the awards Jimmy Kimmel will host his After the Academy Awards Special on ABC. This year Meryl Streep, George Clooney, Tom Hanks, Martin Scorsese, Helen Mirren, Charlize Theron, Don Cheadle, John Krasinski, Emily Blunt, Samuel L. Jackson, Cameron Diaz, Taylor Lautner, Nolan Gould, Gary Oldman, Antonio Banderas, Edward Norton, Tyler Perry, Colin Ferrell, John Goodman, Jeff Goldblum, Jessica Alba, J.J. Abrams, Jason Bateman, Christoph Waltz, Jessica Biel, Gabourey Sidibe, Josh Brolin, Kevin James, Oprah Winfrey and many more will participate, according to the Oscar Web site.

Who will win?

The Webtrends Design Lab has analyzed as much as 476,000 tweets to assemble comprehensive Oscar winner predications. Check the infographic below to know who, according Twitter users, should hold the golden statue this time.

But before the announcements of the winners, let's take a look at how the Hollywood stars dazzled at the red carpet. Here is a treat for your eyes!

George Clooney
George Clooney, best actor nominee for his role in "The Descendants," and his girlfriend, Stacy Keibler pose on the red carpet as they arrive at the 84th Academy Awards in Hollywood, California, February 26, 2012. REUTERS/Lucy Nicholson
Demian Bichir
Demian Bichir of Mexico, best actor nominee for his role in "A Better Life," poses with his guest, Canadian actress Stefanie Sherk, as they arrive at the 84th Academy Awards in Hollywood, California, February 26, 2012. REUTERS/Lucy Nicholson
Jean Dujardin
Jean Dujardin of France, best actor nominee for his role in "The Artist," and his wife, Alexandra Lamy, arrive at the 84th Academy Awards in Hollywood, California, February 26, 2012. REUTERS/Lucy Nicholson
Gary Oldman
British actor Gary Oldman, best actor nominee for his role in "Tinker Tailor Soldier Spy", and his wife Alexandra Edenborough arrive at the 84th Academy Awards in Hollywood, California, February 26, 2012. REUTERS/Lucy Nicholson
Glenn Close
Glenn Close, best actress nominee for her role in "Albert Nobbs", arrives at the 84th Academy Awards in Hollywood, California, February 26, 2012. REUTERS/Lucy Nicholson
Viola Davis
Viola Davis, best actress nominee for her role in "The Help", and her husband Julius Tennon arrive at the 84th Academy Awards in Hollywood, California, February 26, 2012. REUTERS/Lucy Nicholson
Meryl Streep
Meryl Streep won Best Actress in a Lead Role at the 84th annual Academy Awards for her role as Margaret Thatcher in "The Iron Lady." Press Association
Brad Pitt Hollywood Twitter Oprah winfrey