Antonio Banderas
Antonio Banderas, Nicole Kimpel and Stella Banderas pose on the red carpet during the Oscars arrivals at the 92nd Academy Awards in Hollywood, Los Angeles, California, U.S., February 9, 2020. Image Credit: Reuters

Get ready to cheer for your favourites as the Oscars, movie’s biggest night, kicks off at the Dolby Theatre in Los Angeles.

The 92nd annual Academy Awards is being rolled out weeks earlier than usual in a bid to freshen up a ceremony and potentially boost ratings. Check out who's on the coveted list of nominees here.

The truncated time table has put the normally bloated Oscars season on a diet (tonight's show is also for the second straight year be hostless) and sent film academy members scrambling to finish their movie-watching - no small task in a year featuring a few three-hour epics like 'The Irishman' and 'Once Upon a Time ... in Hollywood'.

Still, even given the stringent timeline, stars are beginning to pour in – here’s a look at what’s going on, on the red carpet. Refresh the page for the latest updates. 

Photographers jostle for position as Billy Porter arrives. Image Credit: Los Angeles Times

Porter took some time out to speak to director Spike Lee, whose clothes sported the number 24 - paying tribute to basketball legend Kobe Bryant, who died on January 26, in a tragic helicopter accident.

Spike Lee
Director Spike Lee, wearing a coat with the number 24 in memory of NBA player Kobe Bryant, and his wife Tonya Lewis Lee Image Credit: Reuters

Meanwhile, stars such as Billie Eilish, Laura Dern and  Idina Menzel poured in.

'Parasite' Director Bong Joon-ho walked the red carpet with a translator, explaining why the satirical thriller uses the Korean language; it's all about being authentic.

"Regardless of the outcome, we are just so happy for these nominations," director Bong Joon Ho told reporters of the social satire's six nods.

The coveted best picture prize, to be announced at the end of the three-hour show, is thought to be a three-way race between "Parasite," British director Sam Mendes' immersive World War One movie "1917" from Universal Pictures, and Quentin Tarantino's love letter to show business, "Once Upon a Time in Hollywood," from Sony Pictures.

"The smart bet is definitely '1917,' but I do not rule out the possibility of something else winning, whether that be 'Parasite' or 'Once Upon a Time in Hollywood,' or 'Jojo Rabbit'," Scott Feinberg, awards columnist for The Hollywood Reporter, said ahead of the show.

Oscar nominee Antonio Banderas says 'he can't be happier' for his first nomination - for best actor -in 25 years, especially since it's for a Spanish movie, 'Pain and Glory'. The drama has been directed by Pedro Almodóvar. Here's a fun fact: reportedly Banderas would sometimes wear Almodóvar's clothes while filming this movie. The Spanish actor said he welcomes the calls for more diversity in Hollywood and in the film academy.

"I have seen this community fighting very, very hard,'' Banderas said. "Struggling to get their kids in university to become better, to become a part of the American society. That has to happen, be reflected in Hollywood.''

Singer Billie Eilish
Singer Billie Eilish (R) and her brother Finneas arrive for the 92nd Oscars Image Credit: AFP

Actress Maya Rudolph, who will be presenting a prize, is full of praise for Parasite.

Maya Rudolph
Maya Rudolph shows off her earrings Image Credit: Reuters

Rudolph, who has just founded a production company, had a fun fact to share about her bright orange outfit – or rather the green earrings she wore with them; they were once worn by Beyonce! Who says stars can’t share?

Julia Butters, the 10-year-old actress who starred in "Once Upon a Time in Hollywood" alongside Brad Pitt and Leonardo DiCaprio, chose a pink dress with puffy sleeves and reportedly stashed a turkey sandwich in her designer purse.

Julia Butters
Julia Butters Image Credit: Reuters

"Julia Butters brought a turkey sandwich in her purse because 'I don't like some of the food here,'" Los Angeles Times reporter Amy Kaufman wrote in a Twitter post that showed a photo of a smirking Butters and her sandwich.

Renée Zellweger spoke about taking on Judy, for which she is nominated, on the red carpet, calling the Hollywood icon Judy Garland "herioc".

Renée Zellweger
Renée Zellweger Image Credit: Reuters

Some outfits spoke loudly. Natalie Portman wore a cape lined with the names of female filmmakers who weren't nominated for best director, including Lulu Wang ("The Farewell"), Greta Gerwig ("Little Women") and Mati Diop ("Atlantics").

And now it's time to get down to business. It's time to hand out the little golden prizes. (The little statuette is solid bronze and plated in 24-karat gold, making it heavy; it weighs 3.8 kilograms.)

First up, Porter and Janelle Monae get the crowd pumped up with a mish-mash of melody.

Chris Rock and Steve Martin take the stage, breaking the ice with a pointed reference to the Oscars not having a designated host or any diversity.

Regina King comes on to present the first award; Best supporting Actor. And the award goes to...Brad Pitt, for 'Once upon a Hollywood'. This is his second Oscar; his first for acting. He previously earned a best picture trophy for producing "12 Years a Slave" in 2014. His Oscar resume includes four acting nods and three for producing.Pitt's voice cracked as he voiced his gratitude to Quentin Tarantino, Leonardo DiCaprio and the cast and crew of the film. He dedicated his win to his children, " who colour everything I do", he said.

Next up, actor and comic Mindy Kaling, who is announcing the contenders for Best Animated Feature Film. The Oscar goes to Josh Cooley, Mark Nielsen and Jonas Rivera for 'Toy Story 4'.

The Oscar for best Short Animated Film was also announced by Kaling. The winners were Matthew A. Cherry and Karen Rupert Toliver for "Hair Story". In their acceptance speech they spoke of inclusiveness and the need to promote diversity. They also paid tribute to Kobe Bryant.

And now it's time for a small step into the fantasy land of Frozen II. Idina Menzel and Aurora belt out "Into the Unknown". They are joined by Elsas from around the globe, actors joining the song in languages as distant as Thai and German. (The story of Frozen has been translated into more than 40 languages; in each, the principal actor Elsa is played by someone different.)

Diane Keaton and Keanu Reeves come out on stage to give away the Oscar for best original screenplay. It goes to Bong Joon-ho and Han Jin Won, for 'Parasite'. "Thank you," Bong says in halting English, "[it's a] great honor". "This is very personal to South Korea," he said.

Timothée Chalamet and Natalie Portman announce the winner of the best adapted screenplayTaika Waititi wins for 'Jojo Rabbit'.

Waititi has an empowering message for indigenous kids everywhere: "We are the original storytellers and we can make it here as well."

The nominations of best live action short film are now read out by Shia LaBeouf and Zack Gottsagen. The Oscar goes to Marshall Curry for "The Neighbour's Window".

Maya Rudolph and Kristen Wiig will hand over the Oscars for production design. The winners are: Barbara Ling (Production Design) and Nancy Haigh (Set Decoration).

The comedy duo returned to give the prize for costume design; the prize goes to Jacqueline Durran for 'Little Women'.

Chrissy Metz sings 'I'm Standing With You', dedicates it to her mom.

Mark Ruffalo hands out the Oscar for best documentary feature to Steven Bognar, Julia Reichert and Jeff Reichert for 'American Factory'.

Ruffalo also hands out the Oscar for best documentary short subject. The winner is Learning To Skateboard In A Warzone (If You're A Girl). It goes to Carol Dysinger and Elena Andreicheva.

Laura Dern is named Best Supporting Actress for her role in 'Marriage Story'. Dern, nominated for a best supporting actress award for "Marriage Story," comes from Hollywood royalty.

While dad Bruce and mom Diane Ladd are no strangers to the Oscars, Laura would be the first in her family to actually win the award.

In 1992, Dern and Ladd became the first mother-daughter duo to receive Oscar nominations for work on the same film -- "Rambling Rose." Ladd was nominated two other times.

Bruce Dern has earned two Oscar nods during his decades-long career -- in 1979 for "Coming Home" and in 2014 for "Nebraska."

Dern, who was also nominated twice before this year, starred in two major releases in 2019 -- "Marriage Story" and the Academy Award contender "Little Women."

Laura paid a moving tribute to her parents while accepting the award.

Lin-Manuel Miranda, American composer, lyricist, singer, actor, producer, and playwright, introduces a segment that looks at the relationship between music and movies. And it's resulted not only a walk down memory lane, but a reintroduction to Eminem's 2000 hit 'Lose Yourself'. The rapper accompanied by a number of musicians plays the single that won him a league of fans. It's a song that ended with a standing ovation.

Achievement in Sound Direction- the Oscar goes to Donald Sylvester, for 'Ford V Ferrari'.

The Oscar for sound mixing goes to '1917' - Mark Taylor and Stuart Wilson.

Actors Julia Louis-Dreyfus and Will Ferrell will now present the award for cinematography to Roger Deakins for '1917'.

The next award is film editing. The winners are Michael McCusker and Andrew Buckland, who take home the prize for 'Ford V Ferrari'.

Cynthia Erivo sings 'Stand Up', before 'Cats' members Rebel Wilson and James Corden walk in to name the winners of achievements in visual effects. The distinction is won by '1917's Guillaume Rocheron, Greg Butler and Dominic Tuohy.

The Oscar for make-up and hair styling goes to Kazu Hiro, Anne Morgan and Vivian Baker for 'Bombshell'.

Penelope Cruz congratulates Bong, who takes home the Best International Feature Film prize for his movie 'Parasite'.

Elton John sings (I'm Gonna) Love Me Again, from 'Rocketman', for the crowd. And then Gal Gadot, Brie Larson and Sigourney Weaver pay tribute to all women; “All women are superheroes,” says Weaver, before she names the winner of best Music (original) score Hildur Guðnadóttir, for the soundtrack of 'Joker'.

Larson, AKA Captain Marvel, now names the best original song. The winner is (I'm Gonna) Love Me Again - music by Elton John; Lyrics by Bernie Taupin.

Best Director goes to 'Parasite'-maker Bong. He sends shout-outs to Quentin Tarantino and Martin Scorsese.

Next up is Steven Speilburg, who introduces Billie Eilish and pays tribute to all the people the industry has lost in the last year.

The Oscar for the best actor goes to Joaquin Phoenix, for 'Joker'. He had a strong message to share about finding connections rather than differences. "I’ve been a scoundrel all my life and I am grateful so many of you have given me a second chance; and that’s when I think we are at our best – when we help each other," he said.

Rami Malik names best actress in a leading role. Drumroll please....the Oscar goes to Renée Zellweger, for her role in 'Judy'.

Jane Fonda names the biggest prize of the night: The Oscar for the Best Picture goes to 'Parasite'. It becomes the first non-English film to take this title. 

- With inputs from agencies