The 88th Academy Awards will be held on February 28 at the Dolby Theatre at Hollywood & Highland Center in Los Angeles. The ceremony will be televised live on the ABC Network.

The 2016 Oscars will begin with the red carpet pre-show at 7pm ET/4pm PT, followed by the main event at 8.30pm ET. Hollywood's most prestigious event will be hosted by Comedian Chris Rock.

Click here to watch the event live via ABC GO, fans can also watch the event live on phone by downloading the ABC app. Follow live updates via Twitter using the hashtag #Oscars2016. For the first time, the Academy will live stream the award ceremony on Facebook as well.

The Revenant leads the Oscars 2016 race with 12 nominations, while Mad Max: Fury Road has been nominated in 10 categories. Leonardo DiCaprio, Brie Larson and Matt Damon are front-runners for some of the night's top honours.

The 2016 Oscars has been under heavy debate for the lack of diversity. Many actors like Spike Lee and Will Smith threatened to boycott the ceremony, in the wake of the #Oscarssowhite race row.

Celebrities like 50 Cent and Tyrese Gibson have urged host Chris Rock to back out of the awards show following the race row. However, going by the promos it seems like the comedian will give a new twist to the 88th Academy Awards. Rock tweeted a video and wrote, "See you Sunday" using the hashtag #blackout #oscars.

In another promo he refers to Oscars as "The White BET Awards" and points out three reasons to watch the Oscars.

For the latest on Oscars 2016 visit the IBTimes UK news hub.