The Academy of Motion Picture Arts and Sciences will hold its 85th Academy Awards ceremony on Sunday, handing out the prestigious Oscars to the film industry's best.

The awards ceremony will begin at 5:30 p.m. at the Dolby Theatre in Los Angeles and will be hosted by comedian Seth MacFarlane.

MacFarlane, known for his outrageous humor, is the creator of the animated sitcom "Family Guy" and the director-screenwriter of the movie "Ted."

The comedian is expected to bring a more daring style to the normally staid awards ceremony, which is expected to last about three hours.

Oscars will be awarded in 24 categories.

"Argo," with seven nominations, is the favorite to win the Oscar for Best Picture, the biggest prize, but it will have competition from "Lincoln" and "Life of Pi," which received 12 and 11 nominations, respectively.

Chile's "No" is vying for the Academy Award for Best Foreign Language Film and Chilean Claudio Miranda could win the cinematography award for "Life of Pi."

Mexico's Jose Antonio Garcia is competing in the sound category for "Argo," while Spain's Paco Delgado is in the mix for the wardrobe prize for "Les Miserables."

The Academy Awards ceremony will be televised live in more than 225 countries. EFE