Academy Awards: Clear Skies the Forecast

All's in place and weather looks to be cooperating for the 84th Academy Awards. ABC is broadcasting live. The show starts at 5:30 p.m. PT, with red carpet arrivals scheduled for 4 p.m PT

Oscar Sunday has arrived and 84th annual Academy Awards are hours away.

Work crews were putting the finishing touches on the red carpet and a crowd was beginning to gather near the Hollywood and Highland Center, known until last week as the Kodak Theater.

Also read: 2012 Oscars: Complete List of Nominees

A bankruptcy judge last week granted the company's wish to drop it's name from the venue, along with a $4 million naming rights payment.

Also read: At the Oscars, It's Kodak Theater No More

Mother Nature appears to be cooperating. Clear skies and mild termperatures are forecast for this afternoon. 

Billy Crystal will host the ceremony, which begins at 5:30 p.m  PT and will air live on ABC, where live coverage will begin at 1:30 PT and red carpet arrivals are expected at 4 p.m. PT.

Nine films are up for Best Picture. The clear-cut favorite is  the silent film "The Artist," which has marched victoriously through the guild and critics awards leading up to tonight's event.