See also: TheWrap's Complete Golden Globes Coverage
Update: 7:55 p.m. PST)
The geeks have it.
"The Social Network" beat back a stiff challenge from "The King's Speech" and "The Fighter" to snag the Best Picture Drama Golden Globe.
(Read also: TheWrap's Complete Golden Globes Coverage)
Not only did "The Social Network" grab the night's top prize, it also snagged the most statues. "Network"s' four Globes was a significantly higher total than the two awards given to "The Fighter" and "The Kids Are All Right."
Having savaged his life on celluloid, Producer Scott Rudin was generous about the Facebook founder at the heart of "Network."
Like screenwriter Aaron Sorkin, Rudin thanked: "Mark Zuckerberg for his willingness to let us use his life and his work as a metaphor for communication and the way we relate to one another,"
(Update: 7: 46 p.m. PST)
Holy coronation!
As had been widely expected, Colin Firth picked up Best Actor in a Drama for "The King's Speech."
The stuttering king biopic has been largely shut out of the awards Sunday night, despite leading the pack with seven nominations.
Firth said that the awards love is all that has kept the stiff-upper lip actor from a serious mid-life crisis.
"Right now this is all that stands between me and a Harley Davidson," Firth said.
Very droll, not terribly emotional speech. Guess he's saving the best bits for Oscar night.
(Update: 7: 42 p.m. PST)
Sperm-donor comedy "The Kids Are All Right" took home the Best Movie Comedy or Musical prize. Thought universally beloved, the competition was pretty anemic. After all, universally loathed "The Tourist" also snuck its way into the category.
(Update: 7: 34 p.m. PST)
Natalie Portman gets to pirouette onstage. The actress picked up the Best Actress in a Drama for her role as a ballerina coming apart at the seams in "Black Swan."
Portman was effusive in her thanks in picking up the award, singling out her family.
"Thank you for bringing me into this world and giving me this wonderful life," Portman said of her parents.
Setting young men's pulses racing, she also thanked Mila "sweet lips" Kunis with whom she shares a lesbian lip-lock in the movie.
(Update: 7:25 p.m. PST)
Johnny Depp and Johnny Depp just lost to Paul Giamatti. Up for his roles in "Alice in Wonderland" and "The Tourist," Depp's star wattage was no match for Giamatti's performance as a hard living TV executive in "Barney's Version."
"I got to smoke and drink and got paid for it," Giamatti said.
(Update: 7: 18 p.m. PST)
Those perky, show-tune loving high-schoolers are feeling the love tonight.
"Glee" beat out "30 Rock" and "Modern Family" to take the statue for Best Television Series, Comedy or Musical.
That brings the total for the Fox hit to three awards, with Jane Lynch and Chris Colfer also picking up statues for their roles as the menacing cheerleading coach and the menaced gay teen respectively.
(Update: 7: 14 p.m. PST)
"The Social Network" just grabbed a big one. David Fincher wins Best Director for bringing the story of Facebook's founding to life.
“I’m personally loathe to acknowledge the wonderful response this film has received for fear of becoming addicted to it,” Fincher said in picking up his prize.
(Update: 7: 04 p.m. PST)
No surprise here. Robert De Niro wins the Cecil B. DeMille award. The "Taxi Driver" star was announced as the lifetime achievement award recipient many months ago.
After a career clip show that probably sent most viewers to their Netflix queue — boy he was in a lot of amazing films in the seventies — De Niro launched into a rambling, joke filled speech.
"I loved you in 'The Fighter,'" De Niro said to presenter Matt Damon.
De Niro even poked fun at himself and his recent questionable film choices.
"I was very surprised and gratified when you made the announcement two months ago, well before you had a chance to review 'Little Fockers,'" De Niro said.
He also showed a willingness to bite the hand that fed, joking about the Hollywood Foreign Press Association and its penchant for snapping pictures with attendees.
"I'm sorry more members of the foreign press aren't with us, but many of them were deported right before the show," De Niro said.
The HFPA and its image problems are becoming this evening's favorite punchline.
(Update: 6:53 p.m. PST)
It's shaping up to be a good night for blue-collar folks from great Boston. Melissa Leo took home a best supporting actress Golden Globe for playing the chain smoking matriarch in "The Fighter."
"Look mom I got a Golden Globe," Leo said.
Leo admitted she almost didn't take the role as Alice Ward, mother to the battling, boxing Ward boys.
"I really don't know if I could play Mark and Christian's mother I'm a little young. Thank God I went to the meeting," Leo added.
(Update: 6:48 p.m. PST)
Playing it dweeby worked for Jim Parsons. "The Big Bang" star took home is first Golden Globe. In his excitement and effort to acknowledge everyone, he may have exposed some diva behavior.
"My writers – the writers – how crass! Oh the truth comes out," Parson said in rattling off a long list of thank you's.
(Update: 6:41 p.m. PST)
Laura Linney was rewarded for making cancer funny in "The Big C." Well, sort of funny.
Having already earned some Globes love for playing the president's wife in "John Adams," Linney beat out funny ladies Tina Fey ("30 Rock") and Lea Michele ("Glee") to take home the Best Actress in a TV Musical or Comedy.
In other news, some lucky sucker probably won his Golden Globes pool for correctly guessing that "In a Better World" would win Best Foreign-Language Film. Heard of the Danish-language flick? Didn't think so.
(Update: 6:35 p.m. PST)
You know what would be cooler than a million dollars? A Golden Globe.
"The Social Network" screenwriter Aaron Sorkin rode his whip smart dialogue to a Golden Globe win for his work bringing the story behind the creation of Facebook to the big screen.
Sorkin's new award even made him generous. He had only nice things to say about Facebook creator Mark Zuckerberg, who is portrayed as a heartless innovator in the drama.
"You've turned out to be a great entrepreneur, a visionary and an altruist," Sorkin said.
Also receiving some love was Jane Lynch. Lynch ("Glee") who in an upset last year lost out to Chloe Sevigny for Best Supporting Actress, picked up the award she was previously denied.
In picking up her statue, Lynch singled out co-creator Ian Brennan.
"I am nothing if not falsely humble," Lynch said. "He's a deranged young man."
(Update: 6: 18 p.m. PST)
Keeping up the HBO pillaging, Claire Danes won Best Actress in a TV Mini-Series or Motion Picture for playing the title role in "Temple Grandin."
Like Pacino, Danes already picked up an Emmy for her small-screen work last September. Adding this to her trophy chest came at the expense of Judi Dench ("Return to Cranford") and Hayley Atwell ("The Pillars of the Earth")
(Update: 6:13 p.m. PST)
Well, this is different!
HBO and Al Pacino winning an award?
Oft-nominated and rewarded, Pacino took the stage yet again, winning a Golden Globe for Best Actor in a TV Movie or Mini-Series for playing Dr. Jack Kevorkian in "You Don't Know Jack."
Pacino heaped praise on the movie's director, Barry Levinson saying, "He had a real feeling for Jack."
Creepy.
(Update: 6:05 p.m. PST)
Golden Globe voters really, really liked Annette Bening's lesbian mom.
"The Kids Are All Right" star took home the Best Actress in a Musical or Comedy for her critically adored performance as a jilted wife.
"I'm very proud to be part of this very special film who are deeply in love and trying to keep their family together," Bening said.
"Thank you to the 1962 winner of the Golden Globe for 'Most Promising Actor' — my husband Warren Beatty," Bening added.
(Update: 5:55 p.m. PST)
A decade on, Woody and Buzz showed that they still have it.
"Toy Story 3" beat back challenges from "Despicable Me" and "How to Train Your Dragon" to win the Golden Globe for Best Animated Feature.
As a bone to the tween crowd, the HFPA dutifully trotted out Justin Bieber to present the award. The Biebs was paired with Haliee Steinfeld, another pre-teen inexplicably given the cold shoulder by Globes voters.
"Were you two even born when the first Toy Story came out?" the film's director Lee Unkrich joked as he accepted the award.
(Update: 5:51 p.m. PST)
Make that Trent Reznor, rock legend and Golden Globe winner. The Nine Inch Nails front-man beat out movie veterans such as Hans Zimmer to win best original score for "The Social Network."
"The idea of standing up here accepting this award is completely surreal," Reznor said.
(Update: 5:48 p.m. PST)
Guess that Las Vegas junket paid off. Sony's "Burlesque" scored an award for best original song for "You Haven't Seen the Last of Me."
Song writer Diane Warren saved a special thanks for Ronni Chasen, her long-term friend and publicist, who was shockingly murdered last fall.
"All this love to Ronni Chasen, this is for her," Warren said.
(Update: 5:39 p.m. PST)
In the battle of computer geeks versus Mass-holes, "The Fighter" is enjoying an early lead over "The Social Network"
Christian Bale beat out Andrew Garfield ("The Social Network") to take home the evening's first major film award for his supporting performance as the drug addled Dickey Ward in "The Fighter."
Acknowledging that he never really knew who the Hollywood Foreign Press were before accepting his Globe, the famously intense Bale was all gratitude.
"Suddenly I realize how wise and spectacular those guys are," Bale said.
Indeed, the Hollywood Foreign Press Association was a frequent target for wise-cracks.
Joking that Eva Longoria had a daunting task in introducing HFPA President Phil Berk, host Ricky Gervais joked, “That’s nothing I just had to help him off the toilet and pop his teeth in."
On the television front, the loot has been evenly divided among "Sons of Anarchy," "Glee," and a movie better known to moviegoers than TV watchers — "Carlos."
In a surprise, Katey Sagal ("Sons of Anarchy") beat out frontrunners Kyra Sedgewick ("The Closer") and Elisabeth Moss ("Mad Men") to take home best actress in a television series for her role as the top lady in a northern California biker gang. Sagal's award means show runner Kurt Sutter can no longer complain that his FX show never gets any awards love.
After seeing "The Pacific" come up empty handed, HBO came up big with its hugely expensive gangster series "Boardwalk Empire." The Depression era gangster show won best TV drama and Steve Buscemi took home best actor in a TV series for his role as a ruthless gang leader.
"Martin Scorsese your genius is only matched by your generosity," Buscemi said of the series co-creator.
Chris Colfer put Fox's "Glee" on the board, winning an best supporting actor over the likes of Chris Noth ("The Good Wife") and Eric Stonestreet ("Modern Family").
"I have to thank Ryan Murphy for basically being my fairy godfather," Colfer said.
In another unexpected victory, french crime epic "Carlos" beat out HBO's mega-budget and heavily favored "The Pacific" as best mini-series.
The bio-pic of Carlos the Jackal had a theatrical run, while also airing on the Sundance Channel.
(Update: 5:05 p.m. PST)
Ricky Gervais kicked the 68th Annual Golden Globes off with jokes about Charlie Sheen, 3D mania, and Hugh Hefner's upcoming marriage.
Pint of beer at the ready, Gervais also poked fun at the Globes' reputation for being a boozy evening of hardware handing out.
“It’s going to be a night of partying and heavy drinking or as Charlie Sheen calls it breakfast,” Gervais joked.
With an eye toward the evening's most controversial nominee, Gervais gave Sony's "The Tourist" and it's three nominees a gentle ribbing.
“It seemed like everything this year was three-dimensional except the characters in ‘The Tourist,'" Gervais said.
Gervais did not spare the evening's host the Hollywood Foreign Press and its dubious reputation from the wisecracks.
“I want to quash the ridiculous rumor that the only reason ‘The Tourist’ was nominated was because the Hollywood Foreign Press wanted to hang out with Johnny Depp,” Gervaise joked. “That’s not true, they also accepted bribes.”
(Update: 4:48 p.m. PST)
The sun is shining and the stars are starting to arrive at the Beverly Hilton Hotel, where the 68th Annual Golden Globe Awards will kick off in just over an hour.
Read also: On the Globes Red Carpet (Slideshow)
Less solemn and self-serious than the Oscars, with the champagne flowing freely, the Globes feels more like a party than an awards show. Stars are often more willing to make a goofy speech (witness Jack Nicholson mooning the crowd while accepting his prize for "As Good As It Gets") and less likely to thank God, their lawyers and agents.
Keep Score: The Full List of Golden Globes Nominees
Though the Globes and their famously ahem idiosyncratic voters are always taken by awards prognosticators with a grain of salt, whoever goes home with the top prizes Sunday night may help clarify what remains a wide open field of Best Picture contenders. Among the films looking to emerge as presumptive frontrunners after the last magnum of champagne has been drained are "The Social Network," "The Fighter" and "The King's Speech."
Among the nominees currently making their way down the red carpet are Jesse Eisenberg ("The Social Network"), Nicole Kidman ("Rabbit Hole"), Kevin Spacey ("Casino Jack and the United States of Money"), Jennifer Lawrence ("Winter's Bone") and director Darren Aronofsky ("Black Swan").
Michael Douglas and wife Catherine Zeta-Jones got a great reception from the crowd outside the hotel. Douglas told interviewers that he was feeling great after undergoing treatment for throat cancer. Douglas is a nominee for his role in "Wall Street: Money Never Sleeps."
Because the Globes also honor television, there are also an impressive list of top television talents such as Edie Falco ("Nurse Jackie") and Alec Baldwin ("30 Rock") are bracing to field softball questions from the Carson Daly's of the world.
Also in attendance: host Ricky Gervais and a hodge podge of up and coming talent such as Alex Pettyfer ("I Am Number Four"), Chris Hemsworth ("Thor"), and Hailee Steinfeld ("True Grit").
The show starts at 5 p.m. PST on NBC. Keep checking back for details as the hardware gets handed out.