With another year's ceremony having come and gone, the 2012 Academy Awards announced the big winners during a glitzy ceremony at the Kodak Theatre in Los Angeles on Sunday night (February 26).

Taking home the top prize of Best Picture at the Billy Crystal hosted event was "The Artist," which ended up winning a total of five Oscar trophies.

It's the most highly-anticipated event of the awards show season, and the red carpet at the Kodak Theatre will soon be overflowing with the top names in show business.

With the final preparations being tended to, the 84th Annual Academy Awards will kick off on ABC with red carpet coverage beginning at 7 PM ET while the ceremony officially gets underway at 8:25 PM ET on Sunday (February 26).

Adding her undeniable charm to the red carpet, Penelope Cruz was in attendance for the 2012 Orange British Academy Film Awards in London, England on Sunday (February 12).

Held at The Royal Opera House, the 37-year-old Spanish actress glided down the arrivals area in a red hot Armani Prive custom frock as she readied for the much-awaited BAFTA festivities.