The most awaited awards of the year, Oscar 2014 are here and stars like Lupita Nyong, Sandra Bullock, Amy Adams, Liza Minelli, Olivia Wilde, Viola Davis, Kristen Bell, Jenifer Lawrence, Kerry Washington and others have already made their arrivals on the red carpet. The show is in full swing with chat show host Ellen De Generas hosting the show in the funniest way ever.

Jared Leto has already clinched the award for the best supporting actor role as Rayon, a big-hearted transsexual combating AIDS, in the film "Dallas Buyers Club" and this is his first Oscar win.

Sharing the thrill and excitement of the Award celebrities, the Hello! Magazine takes fans backstage once the golden statuettes are handed out. Watch the celebrities give their full acceptance speeches here on Hello!Online.

The streaming of Oscar 2014 is already on going and the magazine is showing the best moments from the Oscars. Hello! online will also show the best acceptance speeches.

For now, Lupita Nyong has won the Best Supporting Actress trophy for her poignant and heartbreaking role in "12 Years a Slave."

Lupita has outdone Jennifer Lawrence in the Best Supporting actress category and was clearly the hot favorite and much deserving winner of the most coveted trophy of the year.

Upcoming on Oscar 2014 is the battle between Amy Adams (American Hustle), Cate Blanchett (Blue Jasmine), Judi Dench (Philomena), Julia Roberts (August:Osage Country) and Sandra Bullock for Gravity for the Best Actress trophy

Meanwhile, top contenders for the Best Actor category includes Christian Bale (American Hustle), Leonardo DiCaprio (Wolf of Wall Street), Bruce Dern (Nebraska),Chiwetel Ejiofor (12 Years a Slave) and lastly, Matthew McConaughey (Dallas Buyers Club).

The best picture nominations include "12 Years A Slave," "Gravity," "Wolf of Wall Street," "Her," "Nebraska," "Dallas Buyers Club," "Philomena," "Captain Phillip" and "American Hustle."

For more live updates on Oscar 2014, keep watching this space.