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Watch Gotham Awards Live Streaming Online

You can watch the Gotham Awards streaming live above. Right now, celebrities are parading along the red carpet. The awards ceremony itself, held at New York City's Cipriani Wall Street, is also available online. It is scheduled to begin at 8 p.m. ET.

Alexander Payne's The Descendants, with George Clooney, and Sean Durkin's thriller Martha Marcy May Marlene, with Elizabeth Olsen, earned three nominations apiece. Mike Mills' family comedy-drama Beginners, with Ewan McGregor and Christopher Plummer, and Jeff Nichols' psychological drama Take Shelter, with Michael Shannon, were next with two nominations each. [List of 2011 Gotham Award Nominations.]

Beginners, The Descendants, and Take Shelter are all up for both Best Feature and Best Ensemble Performance. The other Best Feature nominees are Kelly Reichardt's Western Meek's Cutoff, starring Michelle Williams, and Terrence Malick's family drama The Tree of Life, with Brad Pitt, Sean Penn, and Jessica Chastain.

Selecting this year's Gotham nominees were 21 film critics, journalists, and curators. The winners were selected by a separate juries of writers, directors, actors, producers, editors and others in the film business. The one exception is the Best Film Not Playing at a Theater Near You, chosen by the editors of Filmmaker Magazine and a curator from The Museum of Modern Art.

In addition to the competitive awards, more Oscar buzz will be generated for Young Adult's Charlize Theron, Tinker Tailor Soldier Spy's Gary Oldman, A Dangerous Method's David Cronenberg, who will be presented with career tributes at the Gothams ceremony. Another honoree will be Fox executive Tom Rothman (husband of Phantom of the Paradise's Jessica Harper).

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