The first award has been handed out and the winner is Christopher Waltz for his role in Django Unchained. Waltz was up against Alan Arkin, Argo; Leonardo DiCaprio, Django Unchained; Philip Seymour Hoffman, The Master; and Tommy Lee Jones, Lincoln. 

On his way to the stage her gave director Quentin Tarantino a quick little hug. 

Stay tuned for all the up-to-the-minute updates about the awards. PolicyMic will be following along all night long. What do you think of the ceremony so far.