Live Blog: 83rd Annual Academy Awards

We let you in on the winners as they're announced during tonight's Oscar show. What do you think of the Academy's decisions? Tell us in the comments box below.

8:37 p.m. Big winners tonight: "The King's Speech" (four Oscars), "Inception" (four Oscars), "Social Network" (three Oscars).

8:36 p.m. Best Picture award goes to "The King's Speech."

8:25 p.m. Best Actor award goes to... Colin Firth ("The King’s Speech") presented by Sandra Bullock.

8:16 p.m. Best Actress award goes to... Natalie Portman ("Black Swan") presented by Jeff Bridges.

8:03 p.m. Tom Hooper wins Best Director for "The King's Speech."

7:51 p.m. Randy Newman's "We Belong Together" takes Best Original Song from "Toy Story 3."

7:34 p.m. "Inception" takes another Oscar — bringing the movie's total to four — this one for Visual Effects.

7:19 p.m. Oprah takes the stage to present Best Documentary Feature. ... and Banksy lucks out on having to make an appearance. From the LA Times Live Blog: "Maybe the "Inside Job" winners will spray paint a mural tonight after the ceremony."

7:02 p.m. President Obama's favorite song from a movie: "As Time Goes By."

6:57 p.m. So far, "King's Speech" falls behind with one Oscar, "Social Network", "Alice in Wonderland" and "Fighter" with two Oscars each, "Inception" leads with three Oscars.

6:35 p.m. "The Fighter" pulls ahead of "The King's Speech." Thoughts so far?

6:33 p.m. And the Oscar goes to... Christian Bale ("The Fighter")

6:29 p.m. Reese Witherspoon prepares to announce Best Supporting Actor.

6:25 p.m. Anne Hathaway performs... and now James Franco in a dress and blonde wig.

6:12 p.m. Did you know tonight is the 10th Anniversary of the Oscar for Best Animated Feature?

6:06 p.m. ..."Toy Story 3"

6:05 p.m. Best Animated Feature (please be "Toy Story 3")...

6:02 p.m. Justin Timberlake and Mila Kunis about to present award for Best Animated Feature and Short.

5:57 p.m. Melissa Leo ("The Fighter"). Kirk Douglas sure made her wait a while for it.

5:53 p.m. Best Actress in a Supporting Role goes to...

5:43 p.m. First to bring home awards for Best Picture, Cinematography and Art Direction was "Gone with the Wind" -- Tom Hanks as he prepares to present the first award.

5:33 p.m. The James Franco and Anne Hathaway version of "Inception." Confusing.

5:30 p.m. Here we go.

5:24 p.m. Halle Berry: "I just love to see everybody all dressed up," in an ABC interview.

5:16 p.m. If Gwyneth Paltrow could sing a duet with anyone in the world it would be Jay-Z. Take a minute to picture that.

5:09 p.m. ABC poll says 56 percent agree Colin Firth will take home the Best Actor award. What do you think?

4:57 p.m. With just about a half-hour remaining before the show, Best Actress favorite Natalie Portman arrives.

4:47 p.m. Less than one hour until showtime! Do you think because James Franco will be hosting tonight he has a higher chance of winning the Best Actor award?

4:28 p.m. The Oscar Statuette measures 13.5 inches high and is officially named the Academy Award of Merit, according to The Academy of Motion Picture Arts and Sciences.

4:07 p.m. Seacrest just announced there will be a Twighlight musical performance during tonight's show. Twighlight fans, tune in. Everyone else, get ready to change the channel.

3:57 p.m. Want to know what presenters see when they open envelopes to announce winners? Ryan Seacrest posted a picture of the card inside the envelope on his Twitter page.

3:49 p.m. TheAcademy on Twitter posted about 20 minutes ago "1600 tweets per minute about #Oscars."

3:37 p.m. Where are you getting your Oscar news tonight?

3:34 p.m. All the celebs are showing up at the Kodak Theater — dressed to the nines obviously. What do you think of what they're wearing so far?