Oscars To Be Presented Sunday

The 83rd Annual Academy Awards will be presented this weekend. The British drama "The King's Speech" leads all nominees this year with 12 nominations. The Coen brothers' remake of the classic Western "True Grit" is vying for ten Oscar nominations, while Christopher Nolan's sci-fi thriller "Inception" and the Facebook-origins movie "The Social Network" are up for eight nods each. Anne Hathaway and James Franco will host the Oscars at the Kodak Theater in Hollywood this Sunday, February 27th. ABC will televise the awards live at 8:00 pm Eastern.

Oscars Staying On ABC Until 2020

The ongoing relationship between the Academy Awards and ABC will continue for at least one more decade. On Thursday, ABC and the Academy of Motion Picture Arts and Sciences announced that they've extended their agreement for an additional six years. The Oscars will now air on ABC until 2020. ABC executive Anne Sweeny says they're "thrilled" to continue their partnership, while the Academy's Tom Sherak adds, quote, "This contract ensures that the Oscar show will be an ABC tradition for 45 consecutive years." Last year's Oscars broadcast was watched by 41-point-seven-million people, making it the most watched ceremony in the past five years. The 2011 Academy Awards will be broadcast live this Sunday at 8:00 p.m. Eastern on ABC.