It's that time of the year again where we celebrate the biggest film event in Hollywood.

Chris Rock will host the show for the second time and tonight's biggest anticipation would be whether Leonardo DiCaprio takes home an Oscar.

The Revenant received 12 nominations and Mad Max: Fury Road has 10. The Actor in a Leading Role category brought in a talented mix of stars with Bryan Cranston, Trumbo, Matt Damon, The Martian, Leonardo DiCaprio, The Revenant, Michael Fassbender, Steve Jobs and Eddie Redmayne, The Danish Girl.

And it is a star-studded list for the category Actress in a Leading Role category with Cate Blanchett, Carol, Brie Larson, Room, Jennifer Lawrence, Joy, Charlotte Rampling, 45 Years and Saoirse Ronan, Brooklyn.

LIVE UPDATE: The 88th Academy Awards

INFOGRAPHICS: Fast facts about Oscars 2016


See the full list of Oscar nominations for the 2016 Oscars right here!

BEST PICTURE

The Big Short

Bridge of Spies

Brooklyn

Mad Max: Fury Road

The Martian

The Revenant

Room

Spotlight

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ACTOR IN A LEADING ROLE

Bryan Cranston, Trumbo

Matt Damon, The Martian

Leonardo DiCaprio, The Revenant

Michael Fassbender, Steve Jobs

Eddie Redmayne, The Danish Girl

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ACTRESS IN A LEADING ROLE

Cate Blanchett, Carol

Brie Larson, Room

Jennifer Lawrence, Joy

Charlotte Rampling, 45 Years

Saoirse Ronan, Brooklyn

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ACTOR IN A SUPPORTING ROLE

Christian Bale, The Big Short

Tom Hardy, The Revenant

Mark Ruffalo, Spotlight

Mark Rylance, Bridge of Spies

Sylvester Stallone, Creed

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ACTRESS IN A SUPPORTING ROLE

Jennifer Jason Leigh, The Hateful Eight

Rooney Mara, Carol

Rachel McAdams, Spotlight

Alicia Vikander, The Danish Girl

Kate Winslet, Steve Jobs

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ANIMATED FEATURE FILM

Anomalisa

Boy and the World

Inside Out

Shaun the Sheep Movie

When Marnie Was There

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CINEMATOGRAPHY

Carol

The Hateful Eight

Mad Max: Fury Road

The Revenant

Sicario

Mad Max: Fury Road - Oscars 2016

COSTUME DESIGN

Carol

Cinderella

The Danish Girl

Mad Max: Fury Road

The Revenant

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DIRECTING

The Big Short

Mad Max: Fury Road

The Revenant

Room

Spotlight

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DOCUMENTARY (FEATURE)

Amy

Cartel Land

The Look of Silence

What Happened, Miss Simone?

Winter on Fire: Ukraine’s Fight for Freedom

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DOCUMENTARY (SHORT SUBJECT)

Body Team 12

Chau, beyond the Lines

Claude Lanzmann: Spectres of the Shoah

A Girl in the River: The Price of Forgiveness

Last Day of Freedom

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FILM EDITING

The Big Short

Mad Max: Fury Road

The Revenant

Spotlight

Star Wars: The Force Awakens

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FOREIGN LANGUAGE FILM

Embrace of the Serpent

Mustang

Son of Saul

Theeb

A War

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MAKEUP AND HAIRSTYLING

Mad Max: Fury Road

The 100-Year-Old Man Who Climbed out

the Window and Disappeared

The Revenant

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MUSIC (ORIGINAL SCORE)

Bridge of Spies

Carol

The Hateful Eight

Sicario

Star Wars: The Force Awakens

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MUSIC (ORIGINAL SONG)

“Earned It,” Fifty Shades of Grey

“Manta Ray,” Racing Extinction

“Simple Song #3,” Youth

“Til It Happens To You,” The Hunting Ground

“Writing’s On The Wall,” Spectre

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PRODUCTION DESIGN

Bridge of Spies

The Danish Girl

Mad Max: Fury Road

The Martian

The Revenant

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SHORT FILM (ANIMATED)

Bear Story

Prologue

Sanjay’s Super Team

We Can’t Live without Cosmos

World of Tomorrow

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SHORT FILM (LIVE ACTION)

Ave Maria

Day One

Everything Will Be Okay (Alles Wird Gut)

Shok

Stutterer

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SOUND EDITING

Mad Max: Fury Road

The Martian

The Revenant

Sicario

Star Wars: The Force Awakens

Star Wars: The Force Awakens - Oscars 2016

SOUND MIXING

Bridge of Spies

Mad Max: Fury Road

The Martian

The Revenant

Star Wars: The Force Awakens

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VISUAL EFFECTS

Ex Machina

Mad Max: Fury Road

The Martian

The Revenant

Star Wars: The Force Awakens

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WRITING (ADAPTED SCREENPLAY)

The Big Short

Brooklyn

Carol

The Martian

Room

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WRITING (ORIGINAL SCREENPLAY)

Bridge of Spies

Ex Machina

Inside Out

Spotlight

Straight Outta Compton