The SAG Awards – the Screen Actors Guild Awards abbreviated – is taking place at the Shrine Auditorium in Los Angeles.
Kristen Bell, 37, who has starred in films such as Frozen and Forgetting Sarah Marshall, will be the first person to ever host the SAG awards, in what has been deemed a celebration of women.
The decision to have a female host, as well as all-female presenters, comes at a time when the entertainment industry has seen multiple sexual harassment scandals.
In a similar stance, stars showed up on the red carpet of the recent Golden Globe Awards in a show of solidarity for the mission of anti-sepal harassment group Time’s Up.
So will black be the style theme of this year’s SAG Awards?
The answer is no – the Time’s Up movement was just limited to the Golden Globes.
Instead, women presenting the show and awards will be the focus.
Emma Stone and Halle Berry will be among the women to present awards at tonight’s ceremony.
The SAG Awards’ host, Kristen Bell, rolled up on the red carpet wearing a strapless dark pink number adorned with beaded flowers.
While the SAG Awards is being filmed in the US, it will be airing in the UK at 1am on Monday 22 January.
British watchers can head straight to the SAG website (sagwards.org) to watch it online.
The red carpet can also be watched on their Facebook and Twitter page as the stars enter the ceremony.
The SAG Awards are the only event to offer an award for the entire cast of a film, called the SAG Outstanding Performance by a Cast in a Motion Picture.
Critics use the winners of this to predict who will win an Oscar, as no film has ever won a Best Picture Oscar without being nominated for the SAG award.
The nominees for this year are The Big Sick, Get Out, Lady Bird, Mudbound and Three Billboards Outside Ebbing, Missouri.
It is a shock for films Dunkirk, The Post, and The Shape of Water which were all Oscar contenders.
Morgan Freeman has been named as the 2017 SAG Life Achievement Award recipient, with previous winners including Debbie Reynolds, Clint Eastwood and Julie Andrews.
For a full list of award categories click here.