Cinematical is live-blogging the Academy Awards! Follow along down below, and don't forget to keep refreshing this page. Head over to Moviefone for additional Oscar coverage.
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Click here for a full list of Academy Award winners updated in real time
12:01 Thanks for tuning in with us tonight! There are tons of good options out there, so we appreciate the time you've spent at Cinematical. Find us on the twitter (of course) right here: William Goss, Alison Nastasi, Scott Weinberg, Cinematical, and the rest of our awesome team!
11:59 Tom Hanks gets right the hell to it: The Hurt Locker. Best Picture.
11:56 Meanwhile, thousands of horror geeks are yelling things like "We knew about Bigelow in the mid-'80s. Thanks for catching up, Hollywood."
11:55 Kathryn Bigelow wins for Best Director (The Hurt Locker), but not before Babs Streisand implies it's because of her gender and not her skill.
11:53 ONE MORE TIME: "We have a WOMAN director and a BLACK one!" Let's poke a long overdue occurrence with a stick!!
11:52 Even when choked with sincere emotion, Sandy Bullock has to throw in a little joke in at the end. That's why we dig her.
11:48 Best Actress goes to Sandra Bullock for The Blind Side. A fine actress in a movie I loathe. Congrats, you cutie. You've paid your dues.
11:47 K'bang. Like a hot knife through treacle, here comes Best Actress presenter Sean Penn.