The 98th Academy Awards are taking place at the Dolby Theatre in Los Angeles, showcasing the year's top films and performances.

Context

The Oscars are a prestigious annual event celebrating achievements in the film industry, with winners determined through a voting process by members of the Academy of Motion Picture Arts and Sciences.S2

Key points

• The ceremony is being broadcast live from the Dolby Theatre.S1

• Several award categories are highly competitive this year.S2

• The winners are chosen by Academy members through a voting process.S2

• The event features live performances and appearances by nominees.S1

• Viewers can expect highlights and memorable moments throughout the night.S1

• The Oscars are known for their red carpet arrivals and fashion statements.S1

• This year's ceremony includes a mix of established stars and emerging talent.S1

• The awards celebrate a diverse range of films and genres.S1

Why it matters

• The Oscars influence trends in the film industry and can boost a film's visibility and box office performance.S2

• Recognition at the Oscars can significantly impact the careers of filmmakers and actors.S2

What to watch

• Monitor social media for real-time reactions and discussions about the winners.S1

• Watch for updates on potential surprises in award categories that are too close to call.S2