Oscars going to air tonight

The glitzy 82nd annual Academy Awards ceremony would be held at Kodak Theatre tonight. "Avatar" alone has earned more than $2.4 billion worldwide, making it the highest grossing film in history. For the first time in 67 years, 10 films are vying for Best Picture honors, double the usual number. Tom Sherak, president of the Academy of Motion Picture Arts and Sciences, said 5,777 voting members represent various branches of the film industry, who would decide the fate of the winners. Co-hosts Alec Baldwin and Steve Martin (a two-time Oscar host) have been scribbling jokes, filming promos and perhaps thinking about which tux to wear. This year's presenters include both seasoned and fresh talent. "Twilight's" Kristen Stewart and Taylor Lautner will be making their first appearance on the telecast. Last year's Oscar winners Penelope Cruz, Sean Penn and Kate Winslet are also scheduled to present.