Oscars 2020 as it happened: Winners, best speeches, biggest moments and more

We'll have minute-by-minute coverage of the most notable wins, acceptance speeches, jokes and bizarre flubs.
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Hollywood's biggest night came and went with surprise wins, political moments and a lot of ... singing. "Parasite," Bong Joon Ho's twisted social thriller, took home the biggest prize of the night, winning best picture. Joaquin Phoenix and Renée Zellweger both gave memorable acceptance speeches. And "1917" beat a crowded field for visual effects Oscar.

Catch up on the full night of major moments, musical numbers and our commentary throughout the 92nd Academy Awards.

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'The Irishman' is a critical darling. But it probably won't make a killing tonight.

Martin Scorsese's gangland saga "The Irishman" swept into awards season as one of the top contenders, boosted by critical raves and Netflix's considerable marketing muscle.

But as the Oscars race took shape last fall, "The Irishman" seemed to lose momentum. The ambitious drama, starring Robert De Niro as a real-life mafioso who claimed he gunned down Teamsters boss Jimmy Hoffa, was overshadowed by "1917," "Parasite" and, to a lesser extent, "Once Upon a Time ... in Hollywood."

When all is said and done, "The Irishman" will probably end the night without scoring a single win, at least according to the top prognosticators. 

What happened?

It's possible a contingent of industry insiders balked at lavishing awards on the film's distributor, Netflix, the streaming giant that has disrupted traditional Hollywood and challenged the longstanding dominance of the studios. Or maybe some voters were put off by the movie's mammoth running time (3½ hours) and grim tone.

All of that is not to say the academy snubbed "The Irishman" altogether. It earned an impressive 10 nods, including best picture and best director — putting it just behind "Joker" (11 nods) on this year's leaderboard.

What's in the bag? Oscar nominees are lavished with $225k of gifts

Oscar nominations for acting and directing come with more than prestige.

According to Reuters, even if they don't take home a trophy, Oscars nominees like Renee Zellweger and Antonio Banderas will be walking away with a $225,000 gift bag.

The gift bag is not affiliated with the academy, and instead arranged by the LA-based company Distinctive Assets, Reuters said.  

“It’s the highest value we’ve ever put together,” founder Lash Fary told Reuters, adding it's been a tradition now for 18 year.

The 70-plus item bag includes a 12-day cruise, and $20k of facial rejuvenation treatments. It also includes a 24-carat gold-plated vape pen!