Some of Hollywood biggest names and hottest stars will step out on the red carpet at the 71st Golden Globe Awards in LA on Sunday.

Celebrities will be looking their best at the ceremony in which the Hollywood Foreign Press Association will recognize some of the best in film and television throughout 2013.

Regular red carpet attention grabbers include Halle Berry, Angelina Jolie and her partner Brad Pitt, and Megan Fox. This year, red carpet expectations are high for Cate Blanchett, one of a handful of actresses who brings her A-game the Golden Globes. Other celeb fashionistas to watch out for include Kate Winslett, Sandra Bullock, Amy Adams, Jennifer Lawrence and Julia Roberts, reports Forbes.

"Scandal" star Kerry Washington, who for the first time is nominated for a Golden Globe award, is also another highly anticipated celeb sure to make a name on the red carpet.

Back for a second year in a row, the 2014 Golden Globe Awards will be hosted by comedy duo Tina Fey and Amy Poehler.

A number of A-listers will be also be presenting during the ceremony including Tom Hanks, Chris Hemsworth, Melissa McCarthy, Seth Meyers, Liam Neeson, Chris O'Donnell, Margot Robbie, Mark Ruffalo, Channing Tatum, Emma Watson, Naomi Watts and Olivia Wilde, reports Deadline.com.

Leading the nominations are "American Hustle" and "12 Years a Slave" which have been honored with seven nods each, including nods in their respective Best Picture categories, reports the LA Times. The films also earned directing nominations for Steve McQueen and David O. Russell, in addition to acting nods for Chiwetel Ejiofor, Michael Fassbender, Lupita Nyong'o, Amy Adams, Jennifer Lawrence, Christian Bale and Bradley Cooper.

The ceremony will air live on Sunday, January 12, 2014, at 5 p.m. PT and 8 p.m. ET on NBC from the Beverly Hilton Hotel in Beverly Hills.

Watch it via livestream here.