Are you ready for the biggest awards show of the year? Here's what you need to know about the 87th Academy Awards.

RED CARPET

When and where: 5:30 p.m. on E!, 7 p.m. on ABC

Photos: We'll have the top looks at amny.com/style.

CEREMONY

When and where: 8:30 p.m. on ABC

HOST

Neil Patrick Harris

PERFORMERS

Lady Gaga, Jennifer Hudson, Anna Kendrick, Adam Levine, Rita Ora, John Legend, Common, Tim McGraw, Adam Levine, Tegan and Sara, Lonely Island

NOMINEES

Best Picture: "American Sniper," "The Imitation Game," "Birdman," "Selma," "Boyhood," "The Theory of Everything," "The Grand Budapest Hotel," "Whiplash."

Actor in a leading role: Steve Carell, "Foxcatcher," Michael Keaton, "Birdman," Bradley Cooper, "American Sniper," Eddie Redmayne, "The Theory of Everything," Benedict Cumberbatch, "The Imitation Game."

Actress in a leading role: Marion Cotillard, "Two Days, One Night," Rosamund Pike, "Gone Girl," Felicity Jones, "The Theory of Everything," Reese Witherspoon, "Wild," Julianne Moore, "Still Alice."

See the full list and trailers at oscar.go.com.

PREDICTIONS

See our critic's picks for who should win-- and who will win at amny.com/ent.

PARTIES

Don't want to watch at home? Head to one of the many NYC restaurants and bars offering drink and food specials for the occasion. See our picks at amny.com/lifestyle.