2014 Oscars: Hot Couples on the Red Carpet [PHOTOS]

The 86^th Annual Academy Awards red carpet has been rolled out and A-list stars of Hollywood are prepping their thank you speeches for Tinseltown's most glamorous night for movies. All eyes are on Sunday's award night as the stars walk on the red carpet especially the power couples who will be receiving or presenting the awards for the 2014 Oscars.

From presenters to nominees to performers to audience member, the red carpet is the venue for stars to be scrutinized for what they're wearing down and how they're wearing it. Tonight celebrities will be judged on the clothes they're wearing and the stylist behind the fabulous ensemble. After tonight, all who walked the red carpet will be in the Best Dressed or Worst Dressed list as part of the 2014 Oscar celebration.

Two of the E! Fashion Police Kelly Osbourne and Giuliana Rancic are this year's correspondents for the red carpet updates, who's hot and who's not for the 2014 Oscars. With umbrellas over their heads and the rain pouring outside the Dolby Theater, the two hosts kicked off the 2014 Academy Awards Red Carpet countdown.

Rancic dazzles the red carpet with her Paolo Sebastian gown and Sergio Rossi heels and to complete the effect, Forevermark Diamonds jewelry. Kelly is wearing Badgley Mischka dress and accessorize it with Judith Leiber bag, Solange from LoveGod jewelry and finished it off with Aldo shoes.

Viola Davis arrived on the red carpet in Escada, while Johnny Weir and Tara Lipinski arrived together with their white ensemble. Portia de Rossi is looking lovely with her pixie do and her form-fitting cream, embroidered Naeem Khan gown as she walks the red carpet to support her partner Ellen DeGeneres who will be hosting the Oscars for the second time around.

Australian actress Naomi Watts is staying true for tonight's theme in her shimmering white. The actress is wearing Calvin Klein as she walks alone on the red carpet while her partner Liev Schreiber is at home with the kids.

Matthew McConaughey who dropped 51lb to play Ron Woodruff in "Dallas Buyers Club" is one of the favourite for Oscars Best Actor category. Co-star Jared Leto who won the Best Supporting Actor award in Golden Globes for brilliantly playing an HIV-positive transgender woman is making a lot of waves for this year's Academy Awards.

Check out the slideshow to see the couples who graced the Oscar Awards Red Carpet.