By Leah Ornstein - Breaking Celebrity News Style & Beauty Editor

The biggest red carpet event of the year is finally here!

It was a gorgeous day in Los Angeles, as Hollywood’s hottest stars hit the red carpet of the 2012 Academy Awards, glammed up to the max in terrific tuxes and gorgeous gowns – and Breaking Celebrity News has all the excitement captured on camera!

Best Picture nomination include The Artist, The Descendants, The Help, Hugo, Midnight in Paris, Moneyball, The Tree of Life, War Horse and Extremely Loud & Incredibly Close, with stars like Michelle Williams, George Clooney, Viola Davis, Octavia Spencer, Meryl Streep, Brad Pitt and Jean Dujardin among the most talked about nominees of the evening.