Warren Beatty and Faye Dunaway return to present Best Picture at Oscars

Why the Oscars won't be announcing the wrong winners in 2018

The (Right) Envelope, Please: PwC Plans for an Uneventful Oscars

America loves a second chance story.

Just like a year ago, Warren Beatty and Faye Dunaway took the stage to announce the biggest award of the night, best picture. La La Land was mistakenly announced as the victor of the big prize of the night, as opposed to the true victor, Moonlight. Black-tie bedlam played out in front of the world's viewing population.

A year ago it was a much different story as the Bonnie And Clyde actors were at the center of an envelope mishap involving Academy Awards agency PriceWaterhouseCoopers which counts the votes.

After the incorrect announcement that La La Land had won Best Picture, the on-stage revelry of the film's cast and crew ground to a halt once it was revealed that Moonlight had actually won the award.

Last year's presentation, of course, went down in infamy.

As for the host who had to deal with it all, Jimmy Kimmel still has nightmares about the whole thing.

"The Oscar Experience", Circle Cinema's annual Academy Awards party on the big screen, will feature a red carpet, photo ops, food and drinks, Oscar ballots and prize giveaways, with host Erin Christy leading the festivities, beginning with red-carpet introduction at 5:30 p.m. Sunday.

He also joked that the incident was "waterhouse under the bridge", in reference to the PricewaterhouseCooper accountants who were responsible for the envelope mix-up. We're entertaining people. And look, it's live TV. But, you know, mistakes happen. Mike and I learned that the last time.

How many Envelopegate references do you think we'll get?

Dunaway and Beatty had been handed the incorrect envelope.

Beatty's return is especially right.

Kimmel hoped for a better result at this year's ceremony.

"It's so nice seeing you again", Beatty said with a smile as he took to the stage. And I have to hand it to them, it was hilarious, but it won't happen again.

He has been nothing but class in the aftermath of the exoneration that followed.

After last year's catastrophe surrounding the Oscar winners' envelopes, a crack team was put in charge of last night's cards.

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