Oscar Awards Live Stream: The Oscar Awards is just around the corner. It will air in the US via ABC this coming Sunday, March 7, starting at 5 p.m. PT (8 p.m. ET), presented at the Kodak Theater in Hollywood.

For the first time, aside from television and online coverage of the 82nd Academy Awards ceremony, the several websites will also provide live streaming coverage of the star-studded red carpet arrivals and interviews online.

Streaming sites for the red carpet presentation and the Oscar Awards ceremony are provided below:

ABC will not only broadcast the event live on television but it will also provide live stream coverage for internet users around the world. You can check their live red carpet show from 3 p.m to 5 p.m PT (6 – 8 p.m. ET) and Oscar Awards ceremony starting 5 p.m PT (8 p.m. ET) at Oscar.go.com.

CNN Live – Watch the star-studded red carpet arrivals, interviews and fashion hits and misses Sunday, March 7, from 5:30-8pm ET.

AP and Livestream (livestream.com) – The Associate Press and Livestream will also cover the celebrity arrivals on the red carpet complete with Twitter and Facebook integration.

Facebook – ABC reporters on the red carpet will ask the stars some questions pulled out from their Facebook fan page. Users who want to watch the red carpet and the awards ceremony live streams should be “fans” of APLive.

The 82nd Academy Awards will be hosted by Steve Martin and Alec Baldwin. You can check the complete list of nominees here.

UPDATE: You can watch the 2011 Oscars live online HERE.