Director Martin Scorsese's "Hugo" is one of nine movies up for the coveted best picture prize.
Also going for Oscar gold is "The Artist," "The Descendants," "Extremely Loud and Incredibly Close," "The Help," "Midnight in Paris," "Moneyball," "The Tree of Life" and "War Horse."
For best actor, the nominees are: Demian Bichir in "A Better Fife," George Clooney in "The Descendants," Jean du Jardin in "The Artist," Gary Oldman in "Tinker Tailor Soldier Spy" and Brad Pitt in "Moneyball."
The five women in the best actress race are: Glenn Close for "Albert Nobbs," Viola Davis in "The Help," Rooney Mara in "The Girl with the Dragon Tattoo," Meryl Streep for "The Iron Lady" and Michelle Williams" for her role in "My Week with Marilyn."
Leading up to the ceremony, "On The Red Carpet" co-host Rachel Smith will be doing interviews with hair and fashion stylists and makeup artists for the "Best Dressed" video series featured on Oscar.com.
The awards ceremony will air live on Sunday, Feb. 26, 2012 on ABC7.
- Live coverage begins at 1:30 p.m. PT with On The Red Carpet at the Oscars.
- Live coverage of red carpet arrivals begins at 4 p.m.
- The 84th annual Academy Awards starts at 5:30 p.m.
- A complete wrap-up of the winners and after parties starts at 8:30 p.m.
OnTheRedCarpet.com will have complete coverage of the Oscar season, including an exclusive interactive live stream show LIVE from the red carpet. Follow @OnTheRedCarpet on Twitter and "Like" On The Red Carpet on Facebook, and download our FREE entertainment news app for the iPhone and iPad.