The Academy Awards 2011

Co-hosts James Franco and Anne Hathaway

Oscar nominees in the audience

Melissa Leo won the Oscar for Best Actress in a Supporting Role for "The Fighter"

Christian Bale won the Oscar for Best Actor in a Supporting Role for "The Fighter"

Natalie Portman won the Oscar for Best Actress in "Black Swan"

Colin Firth won the Oscar for Best Actor in "The King's Speech"

Emile Sherman, Iain Canning and Gareth Unwin accept the Oscar® for Best Motion Picture of the Year for “The King's Speech,” produced by Iain Canning, Emile Sherman and Gareth Unwin

Images from this year's Oscars telecast at the Kodak theater in Hollywood, California February 27, 2011