The 87th Academy Awards will air live on 22 February at 5:30pm PST (1.30am), from the Dolby Theatre in Hollywood, Los Angeles, to more than 225 countries.
How I Met Your Mother star Neil Patrick Harris will be hosting the award ceremony and has promised "a hint of magic" during the star studded event.
Performers at this year's ceremony include Lady Gaga, Rita Ora, Jennifer Hudson and Anna Kendrick.
Click here to watch the awards ceremony live via ABC Network.
You can also download the ABC app to watch the event live.
Boyhood, Birdman and Selma are top contenders for the Oscar Awards this year.
Meanwhile, Neil Patrick Harris has admitted to being nervous as he prepares to host the Academy Awards for the first time.
In an interview with Good MorningAmerica the 41-year-old said that he was apprehensive ahead of the eagerly anticipated global event.
"I know what is going to happen," he said. "I know that four days out, three days out, I'll think everything is wrong and it's terrible. And it'll all turn out okay," he added.
However, the comedian has gained some support from X-men and Broadway star Hugh Jackman, who tweeted:
— Hugh Jackman (@RealHughJackman) February 22, 2015
Viewers who watch the live stream of the 2015 Academy Awards via the ABC app will also be able to see Jimmy Kimmel Live: After the Oscars, via the digital stream.
Kimmel's show will air after the Oscar award ceremony ends.
Viewers can send tweets using the hashtag #Oscars2015, to keep up with all the updates of the event.
Follow the Academy on Twitter for photos and videos of the red carpet and the show.