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The 90th Academy Awards, hosted by Jimmy Kimmel, started live on ABC at 8 p.m. ET.
This year's frontrunners are Martin McDonagh's "Three Billboards Outside Ebbing, Missouri" and Guillermo del Toro's "The Shape of Water," which is coming in with the most nominations at 13. Jordan Peele's "Get Out" is a fan favorite, and could upset the expected winners.
"Lady Bird" director Greta Gerwig is only the fifth woman to be nominated in the directing category, and the first to be nominated in 8 years. If she wins, she would be the second woman to win. In 2010, Kathryn Bigelow became the first woman to win the award for her work on "The Hurt Locker."
If Jordan Peele wins best director in a major upset over Del Toro, he would make history as the first black person to win an Oscar for directing.
Tonight's awards might not be as interesting as last year's best picture debacle, but with a great list of nominees, it'll be an interesting night.
Below are all the Oscar winners, which we'll update live as the show goes on: