The 83rd Annual Academy Awards begin at 8:30 Eastern time live on ABC on Sunday night, and the program will last three hours.

The films that are nominated for Best Picture are: 127 Hours, Black Swan, The Fighter, Inception, The Kids are All Right, The King's Speech, The Social Network, Toy Story 3, True Grit, and Winter's Bone.

The favorites are considered The King's Speech, The Fighter, True Grit, and The Social Network.

Last year's winner was The Hurt Locker.

Actors James Franco and Anne Hathaway will host the program from Kodak Theater in Hollywood, California.

83rd Annual Academy Awards Coverage