OSCARS 2012 Red Carpet Arrivals

Once again Los Angeles is flooded with glamorous celebrities arriving at the Kodak Theatre for the long awaited ceremony of OSCARS.

The 84th Annual Academy Awards ceremony is the biggest event of the year for the motion picture industry.This year Billy Crystal would be hosting the show which would be his ninth time to host these awards.

The auspicious function has already kicked off with a lot of pomp and show.Dozens of cameras are fixed all over the red carpet to give the viewers live coverage.

Nominees for the best actor and actress include Glenn Close for Albert Nobbs, Meryl Streep for The Iron Lady, George Clooney for The Descendants and Gary Oldman for his role as George Smiley in Tinker Tailor Soldier Spy.......Now let's see who take home how many Oscars.

Sandra Bullock, Gwyneth Paltrow, Morgan Freeman, Owen Wilson, Will Ferrell and Zach Galifianakis, Michael Douglas, Tina Fey, Kermit, Miss Piggy, Halle Berry, Bradley Cooper, Chris Rock, Tom Cruise, Penelope Cruz, Cameron Diaz, Tom Hanks, Angelina Jolie, Rose Bryne, Milla Jovovich, Ellie Kemper, Jennifer Lopez, Melissa McCarthy, Wendy McLendon-Covey, Maya Rudolph, Ben Stiller, Kristen Wiig and Emma Stone are all the presenters for the ceremony.

This year's Oscar ceremony is set air live on ABC from the Hollywood and Highland Center in Los Angeles on Sunday, February 26 on ABC.