Oscars set to dazzle Sunday night

Oscars set to dazzle Sunday night
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Tonight is Hollywood's biggest night of the year: the Academy Awards.

The movie industry's top talents will gather to honor the 2013's best work, and presiding over the show will be a familiar face.

Seven years after hosting the Oscars the first time, Ellen Degeneres is doing it again.

"Every once in a while, I like to challenge myself. And this year, I thought I would like to challenge myself in front of a billion people," she said.

Hosting the first time definitely left an impression.

"I guess the strongest memory was Clint Eastwood's breath was surprisingly minty," Ellen joked.

Tonight is likely to be memorable for Cate Blanchett. Her performance in Woody Allen's "Blue Jasmine" is widely seen as a lock for best actress.

Fandango's Dave Karger also says Jared Leto is a no doubt winner as best supporting actor for "Dallas Buyers Club," a gritty look at the early days of the AIDS crisis starring Matthew McConaughey. Karger also sees "Gravity'"s Alfonso Cuaron as a slam dunk for best director.

"What he did with "Gravity" is just next level film making. He will win no problem," said Karger.

But Karger says Cuaron's space epic is part of a very tight, three-way race for the night's top prize.

"I can't recall a closer best picture race in decades," said Karger.

Like "Gravity", "American Hustle" has ten nominations overall, but Karger thinks they could both be edged out by "12 Years a Slave."

"I think the voters are going to want to vote for a film that feels a little bit more quote-unquote 'important,'" said Karger.

For Oscar's nominees, tonight could become the most important night of their careers.

Karger adds that he thinks Matthew McConaughey will win best actor for "Dallas Buyers Club", beating out, among others, Leonardo DiCaprio for "The Wolf of Wall Street." He sees Lupita Nyong'o of "12 Years a Slave" winning best supporting actress over the likes of Jennifer Lawrence from "American Hustle."

See all nominees here.