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February 28, 2016 at 12:00 PM EST

It’s showtime!

Hollywood’s biggest stars have gathered at the Dolby Theater in Los Angeles to celebrate the finest in film and honor talent both in front of and behind the camera at the 88th Academy Awards. Will this be the year Leonardo DiCaprio finally takes home a trophy? How much will host Chris Rock shock viewers? And did we predict the right winners? The possibilities for what will unfold Sunday night are endless, and Entertainment Weekly will be along for the ride every step of the way! Find out all the winners and keep up with the action in EW’s live blog below.

Watch the PEOPLE & EW Red Carpet Live streaming pre-show celebration on Feb. 28 beginning at 5:30 p.m. ET/2:30 p.m. PT on PEOPLE.com and EW.com, with live red carpet coverage, fashion and beauty trends, and winner predictions. And catch the Academy Awards at 7 p.m. ET/4 p.m. PT on ABC. For full coverage of the Oscars, head here.

http://storify.com/cristinaeverett/ew-oscars-live-blog/

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