And the winner is...

...The Artist, for Best Picture.
The producer, Thomas Langmann, and the director, Michel Hazanavicius, accepted the award. Hazanavicius said  he wanted to thank three people: Billy Wilder, Billy Wilder, and Billy Wilder.
The film also won awards for Best Director, Best Actor, Best Original Score, and Best Costume Design.

Of course, some people had to pose on the red carpet, including:

Penélope Cruz, who can wear anything (or nothing, if Rico had his way) and look great. and

Sacha Baron Cohen, who just has to be outrageous...

Dave Itzkoff at The New York Times said: Tom Cruise presented the last award of the night, Best Picture, to The Artist (as was widely anticipated). Thomas Langmann offered a thank you "from the bottom of my heart", as Uggie the dog made his first stage appearance of the night. And that's the show, folks...
The Oscar for Best Actor went to Meryl Streep in The Iron Lady, who edged out Viola Davis in The Help, and, perhaps, the last genuinely up-for-grabs category of the night.
Melena Ryzik at The New York Times said: As expected, The Artist took best picture, and the French filmmakers and stars behind it provided some of the genuine movie moments the Academy was after: the overarching enthusiasm, emotion, and love of film.
And the winners are:
Best picture: The Artist
Actor in a leading role: Jean Dujardin for The Artist
Actress in a leading role: Meryl Streep for The Iron Lady
Actor in a supporting role: Christopher Plummer for Beginners
Actress in a supporting role: Octavia Spencer for The Help
Director: Michel Hazanavicius for The Artist
Short film, animated: The Fantastic Flying Books of Mr. Morris Lessmore
Short film, documentary: Saving Face
Short film, live action: The Shore
Screenplay, original: Midnight in Paris
Screenplay, adapted from another medium: The Descendants
Original song: Man or Muppet
Original score: The Artist
Visual effects: Hugo
Feature, animated: Rango
Feature, documentary: Undefeated
Sound mixing: Hugo
Editing, sound: Hugo
Editing, film: The Girl with the Dragon Tattoo
Film, foreign language: A Separation
Makeup: The Iron Lady
Costume design: The Artist
Art direction: Hugo
Cinematography: Hugo