The big night of Hollywood is upon us. The Oscars will be returning this weekend to recognize the entertainment industry's best talents. Now, here's how you can watch the 88th Academy Awards live on TV and online streaming. We'll also give you predictions for Best Picture Award.

Let's start with the basics. The 2016 Oscars will be held on Sunday, February 28 at The Dolby Theatre in Los Angeles, California. The event will start at 8:30 p.m. ET/5:30 p.m. PT, and the red carpet will begin at 7:00 p.m ET/4:00 p.m PT.

Sky and ABC TV will broadcast the event live. For those who want to watch the awards night online, check the Oscars 2016 official page and ABC Go.  For Sky, on other hand, they set up a Sky Movies Oscars channel to broadcast the show.  The special Oscars channel started on Feb 22, and it screens Academy Award-winning movies until March 6.

Furthermore, viewers can also stream the Academy Awards night on Sky's on-demand service Now TV with a Sky Movies Month Pass.  Now TV is accessible via Mac,Windows, smart TVs and other platforms.

 Chris Rock will present this year's Oscars, and he is expected to talk about the #OscarsSoWhite  issue in his opening speech.  Last month, the 50-year-old actor and comedian posted on his Twitter page the three reasons to watch the annual, prestigious ceremony. He also captioned the video "The White BET Awards."

Now, here's our prediction for this year's Oscars Best Picture award. The category is pretty competitive, but the odds favor the The Big Short and Spotlight. Leonardro Dicaprio's The Revenant is also in the discussions, as the movie recently won the Golden Globe's Best Picture award. Also, some movie critics say The Martian might bring an upset.

In a movie analysis from Forbes, it says the Producer's Guild Award takes home the Oscar 70% percent of the time, and this year's winner is The Big Short. The Oscars and PGAs have the same voting system, that's why some experts see the latter as a predictor.

Directed by Adam McKay, The Big Short is a blackly uproarious satire on the 2008 financial crisis that brings together the small band of Wall Street "outsiders and weirdos" (the film's own words).  Movie reviewers say the film is immensely entertaining and worthwhile document of America's modern horror story.

Predicted Best Picture Winner: The Big Short

Should Have Been Nominated: Straight Outta Compton, Tangerine