The 2016 Academy Awards is fast approaching, and many countries around the world are preparing to see the Hollywood's biggest night. If you are planning to watch the most prestigious awards night of the entertainment industry, we've got you covered. Here's everything you need to know about Academy Awards 2016 Live Stream and TV schedule. We'll also give predictions for the Best Actor Award.

The 2016 Academy Awards is scheduled to air live this Sunday, Feb. 28, at 8:30 p.m. ET/5:30 p.m. PT. TV viewers can watch the event live at ABC TV. For those who want to tune-in via live stream, just visit ABC Go.

Furthermore, the red carpet of the Oscars begins live at 5:30 p.m ET/2:30 p.m. PT. Check this link or go to abc.go.com to watch the red carpet online. For those who want to get more updates from the Oscars, E! Entertainment offers Countdown to the Red Carpet, which begins at 1:30 p.m. ET/10:30 a.m. PT.

The ceremony will be held at The Dolby Theatre in Los Angeles, California. Comedian Chris Rock will host the Hollywood's biggest night, so audiences should expect for a quite hilarious treat.

We'll also find out on Sunday if Leonardo DiCarpio will finally get his first Academy Award.

The actor already won a Golden Globe, a SAG award and a BAFTA for his performance in The Revenant, and the movie is also doing good in the box office. Therefore, it is not too farfetched that DiCaprio could win this year's Oscar award for Best Actor.

Before we give our Academy Awards Best Actor Award prediction, let's check out the nominees.

•  Leonardo DiCaprio, The Revenant

•  Bryan Cranston, Trumbo
•  Matt Damon, The Martian
•  Michael Fassbender, Steve Jobs
•  Eddie Redmayne, The Danish Girl

Despite DiCaprio's primal and mesmerizing lead role in The Revenant, there are other worthy candidates as best actor.

Eddie Redmayne's performance in The Danish Girl is equally proficient and exciting to watch. In addition, Matt Damon's role as the most likable astronaut ever made is arguably career-best level work. However, fans and Academy members saw the Dicaprio's proficient acting career throughout the years.

Now, DiCaprio at 41 years old has awakened his inner actor and tamed his juvenile angst and nervous energy in two significant films of his career. In 1993, he was in Robert De Niro's This Boy's Life and Lasse Hallstrom's What's Eating Gilbert Grape.

Since then, DiCaprio's roles were leading characters: The Aviator (2004), Inception (2010) The Wolf of Wall Street (2013), Great Gastby (2013), The Revenant (2015) and many more. When he goes up on stage on Sunday night, he is carrying his career with him.