Inarritu kicks off his speech with a couple of laughs about Arnie and the importance of tequila, but went on to a gravitas and gratitude filled acceptance that has the crowd cheering. Arnie returns to say goodbye, reminding us not to forget next year. 'We'll be back.'

The Honourable Governor of California, Arnold Schwarzenegger is the man chosen to present the final award. The Golden Globe for Best Picture (Drama) goes to Babel! Director Alejandro Gonzales Inarritu might have felt sidelined thus far, but the biggest Globe of the night ought to pretty much make up for it.

Felicity Huffman takes the stage to hand out the Best Actor (Drama) award, and the excitement is palpable. And the globe goes to Forest Whitaker for The Last King Of Scotland. This is indeed a stunner. While the actor's portrayal of Idi Amin has received very warm press, the win is a definite surprise.

Two awards to go. It could be a big, big night for The Departed, but waiting in the wings are Will Smith, Peter O'Toole, Bobby and the theme-of-the-year, The Queen.

Last year's Best Actor winner for Capote, Philip Seymour Hoffman presents the award for Best Actress (Drama) -- this is another crazy category. Can Mirren take it again? Or is it going to be a surprise with Maggie Gyllenhaal? No, there's a definite obsession with the royal family tonight as Helen Mirren takes the trophy for The Queen.

Best TV Drama goes to Gray's Anatomy, Courteney Cox and David Arquette presenting the last television award for the night.

Jennifer Lopez smiled as she opened the envelope for Best Picture (Musical/Comedy) -- the prize went to Bill Condon's musical, Dreamgirls. A bit of a surprise miss for Little Miss Sunshine, while Borat was appeased by the Best Actor trophy.

The next Best Picture (Musical/Comedy) nominee is introduced, Jason Reitman's clever Thank You For Smoking.

Reese Witherspoon is up, to present an unpredictable award that could go either way. The Best Actor (Musical/Comedy) goes to Sacha Baron Cohen, for Borat! The British comedian caused a revolution this year with the cult success of his uproarious comedy, and his speech is almost as scandalous as his film. 'Thank you to every American,' he concludes, 'who hasn't sued me so far.'

'Oh my,' says Scorsese, thanking several people in a rapidfire speech -- 'it's a long night' -- including his stellar cast, Jack Nicholson, whom he worked with for the first time, + Leo DiCaprio, Matt Damon, Mark Wahlberg and Alec Baldwin. Will 2007 be the year Scorsese finally nets an Oscar? The odds look better than ever.

Steven Spielberg is up to present the Best Director award, a category seeing two nods for Clint Eastwood. And the Globe goes to Martin Scorsese! The Departed director is taking a while to make his way past the exhilarated standing ovation. This bodes very, very well for the Oscars.

Former Cecil B DeMille Award recipient Dustin Hoffman now takes the stage, introducing the next Best Picture (Musical/Comedy), Jonathan Dayton and Valerie Faris' Little Miss Sunshine -- that, according to Hoffman, 'puts the 'fun' in dysfunctional.'

'Every single movie that I ever made was a comeback,' jokes Beatty, going on to say that he's got 'bottles of moisturiser older than Tom Hanks.' He pays tongue-in-cheek tribute to Clint Eastwood, Jack Nicholson and Dustin Hoffman, saying they just 'gotta be great, huh? Why can't these guys just take it a little easier?' He goes on to announce that he will indeed make another movie, in a wonderful speech tinged with nostalgia, charming affection -- and even a quick Borat impersonation.

Tom Hanks presents this year's Cecil B DeMille award. He talks about 1962, when the HFPA named Warren Beatty the year's Most Promising Newcomer. As the veteran actor-filmmaker gets this lifetime achievement honour, Hanks talks about his artistic vision and fortitude, singling out Beatty achievements like Shampoo and Heaven Can Wait before starting up the exhaustive showreel.

Next up is the Globe for Best Actress (TV Comedy). John Stamos and Jennifer Love Hewitt present the award to America Ferrara for Ugly Betty. The visibly stunned actress cries her eyes out during her acceptance speech.

Stars of the upcoming Musioc And Lyrics Hugh Grant and Drew Barrymore arrive to present the Globe for Best Original Score. Grant insists on making the announcement -- 'it's in French, so I better read it' -- and the Globe goes to Alexandre Desplat for The Painted Veil.

Jeremy Irons introduces the next Best Picture (Drama) nominee, the Stephen Frears directed Helen Mirren starrer, The Queen.

'You don't know what this does for my confidence,' grins Eastwood. The 76-year-old filmmaker made Letters from Iwo Jima in Japanese, and with Steven Spielberg standing proudly behind him, takes the opportunity to 'pay my respects to (actor) Ken Watanabe.'

Djimon Hounsou from Blood Diamond and Sharon Stone from Bobby are up to present the Best Foreign Language Film award -- a tough category with Pedro Almodovar and Guillermo Del Toro competing against Clint Eastwood and Mel Gibson. And Dirty Harry strikes again, with Letters From Iwo Jima beating out the non-Americans.

Jamie Foxx is next up, introducing Best Picture (Musical/Comedy) nominee Dreamgirls, a film where he stars.

Geena Davis and James Woods look terrific on stage, teaming up to present the award for Best TV Series (Comedy). The award goes to ABC comedy Ugly Betty.

Next up is Best Actor (TV Comedy), with the Globe going to Alec Baldwin for 30 Rock. The actor, who describes these as 'the twilight years of my career,' wins over Steve Carell of The Office, Zach Braff of Scrubs and Jason Lee of My Name Is Earl.

Hillary Swank and Jake Gyllenhaal take the stage to hand out the Globe for Best Screenplay. The category is a tough and tricky one, and the Globe goes to Peter Morgan for The Queen, beating out Gullermo Arriaga for Babel and William Monahan for The Departed. The Scorsese film is fast losing out on all its categories so far -- does this mean it'll win the big one, or another snub for Marty?

Sporting incredibly bright red lips, The Holiday star Cameron Diaz introduces the next nominee for Motion Picture (Drama), Martin Scorsese's massively cast hit, The Departed.

The award for Best Actress (Miniseries/TV movie) goes to Helen Mirren for Elizabeth I, and it now seems extremely unlikely that the actress will be honoured for The Queen. Is this perhaps indicative of a win for Volver actress Penelope Cruz?

Next up is the Best Actor (Miniseries/TV movie), with the Globe going to Bill Nighy for Gideon's Daughter. The British actor says he's 'apologised to Robert Duvall,' a fellow nominee for Broken Trail.

Sarah Jessica Parker introduces the next Best Picture (Musical/Comedy), The Devil Wears Prada. The film's stars Meryl Streep and Emily Blunt have already picked up Globes this evening, and this nomination is likely all the film will recieve tonight.

Rachel Weisz gives out the Globe for Best Actor in a Supporting Role, an extremely tough category with a slew of talented and big-name actors. The Globe goes to Eddie Murphy for Dreamgirls, undoubtedly a shock considering Jack Nicholson was the odds-on favourite.

The ravishing Salma Hayek is next, giving the Best Miniseries/TV movie to Elizabeth I. Do all the awards for this HBO production mean The Queen might lose out?

Ben Stiller takes the stage to present the next Globe, introducing a Best Picture (Musical/Comedy) nominee that he calls 'one of the funniest movies ever' -- Borat: Cultural Learnings Of America For Make Benefit Glorious Nation Of Kazakhstan.

The Globe for Best Actress (Comedy) goes to Meryl Streep for The Devil Wears Prada. Joaquin Phoenix gives a visibly overwhelmed Streep the Globe. Her speech is heartfelt and funny, as she thanks co-stars Anne Hathaway, Emily Blunt and Stanley Tucci for their extraordinarily difficult job of 'making me seem monstrous.'

Globe nominee for Best Actor (TV comedy) Steve Carell announces a brand new Globe category, Best Animated Feature Film. The hotly contested Award goes to Pixar's Cars, arguably the technical achievement of the year.

Charlie Sheen warmly introduces the next Best Picture (Drama) nominee -- his big brother, Emilio Esteves' Bobby, about the life of Robert Kennedy.

Next up is the complete ensemble for Golden Globe nominated TV drama, Heroes. The superhero team is up to announce the Globe for Best Actor in a TV Series (Comedy), going to Hugh Laurie for House. Laurie wistfully wishes Dolce & Gabbana offered readymade acceptance speeches the way they gave out tuxedos.

Jessica Biel and Sean Combs are the next presenters for Best Supporting Actress (TV series/miniseries/TV movie). And the Golden Globe goes to Emily Blunt for BBC's Gideon's Daughter.

Best Actress nominee Renee Zellweger salutes the Hollwood Foreign Press Association, and introduces Philip Bark of the HFPA.

King Kong actress Naomi Watts takes the stage, and introduces (with much giggly mispronounciation) the first Motion Picture (Drama) nominee for the evening. The film is Alejandro Gonzales Inarritu's critically-raved Babel.

Television humourists Tina Fey and David Spade hand out the Globe for Best Actress (TV Drama) to Kyra Sedgwick for The Closer.

Eva Longoria introduces this year's Miss Golden Globe, 7-time Globe winner Jack Nicholson's daughter, Lorraine Nichols. And then, the award for Best Supporting Actor in a TV series, miniseries or made-for-TV movie. The award goes to Jeremy Irons for his work in Elizabeth I. Irons is characteristically funny, saying that he's supporting Helen Mirren -- nominated for The Queen, Elizabeth I and Prime Suspect: The Final Act -- for the Globe tonight.

Justin Timberlake is up to hand out Best Original Song in a Motion Picture. The winner is Happy Feet with Song of the heart, music and lyrics by pop legend Prince. Both Timberlake and Clooney used the 'DiCaprio's the winner' joke to get a laugh for categories he isn't nominated in -- a play on the fact that Leonardo is nominated twice in the Best Actor in a Motion Picture (Drama) category.

The evening kicks off with George Clooney out to present the Best Actress in a supporting role. The Globe goes to Jennifer Hudson for Dreamgirls. The actress gives an emotional acceptance speech, and her trophy isn't a surprise, given the critical acclaim Hudson has recieved over the last month.

The 64th Annual Golden Globe awards have begun, and it's straight to the awards.