Critics' Choice Movie Awards Select 'The Social Network' as Best Picture and David Fincher as Best Director

The Broadcast Film Critics Association (BFCA) announced the winners of the 16th annual Critics' Choice Movie Awards earlier this evening. The star-studded ceremony was held at the Hollywood Palladium and aired live on VH1. "The Social Network" was named the year's Best Picture and David Fincher won Best Director honors for the film.

Other big winners of the night included Colin Firth, who took Best Actor for his role in "The King's Speech" and Natalie Portman, who won Best Actress for her role in "Black Swan." Also honored were Christian Bale with the Best Supporting Actor award and Melissa Leo for Best Supporting Actress both for their work in "The Fighter."

Best Action Movie went to "Inception," while Best Art Direction and Best Editing went to "The Social Network." "The Fighter" was honored with Best Acting Ensemble and Best Original Screenplay honors went to David Seidler for "The King's Speech." Best Young Actor/Actress went to Hailee Steinfeld for "True Grit." "Toy Story 3" won Best Animated Feature and Best Comedy went to "Easy A."

Distinguished actor and humanitarian Matt Damon was honored with the fourth annual Joel Siegel Award presented by Emily Blunt and Jimmy Kimmel. The BFCA created this award to honor those in the film community whose actions demonstrate that the greatest value of celebrity is the ability to do good work for others. This award pays homage to beloved "Good Morning America" film critic and BFCA member Joel Siegel, who lost his struggle with cancer in June, 2007.

The 16th Annual Critics' Choice Movie Awards also included a special nod to iconic film director Quentin Tarantino, who received the inaugural Critics' Choice Music+Film Award, presented by Tim Roth and Ice Cube. The all new Critics' Choice Music+Film Award was created to honor a single filmmaker who has not only inspired moviegoers with his cinematic storytelling, but has heightened the impact of film through the brilliant use of source and soundtrack music.

Nominees in attendance included: Amy Adams, Ben Affleck, Christian Bale, Annette Bening, Helena Bonham Carter, Robert Duvall, Jesse Eisenberg, Elle Fanning, Colin Firth, Andrew Garfield, Ryan Gosling, Jon Hamm, Nicole Kidman, Mila Kunis, Jennifer Lawrence, Melissa Leo, Julianne Moore, Mandy Moore, Jeremy Renner, Sam Rockwell, Mark Ruffalo, Kodi Smit-McPhee, Aaron Sorkin, Steven Spielberg, Jacki Weaver, Hailee Steinfeld and Michelle Williams.

Presenters at the gala included: Hank Azaria, Emily Blunt, Josh Brolin, Ice Cube, Jesse Eisenberg, Jane Fonda, Jon Hamm, Ed Helms, Rob Huebel, the Kardashians (Khloe, Kim), Jimmy Kimmel, Greg Kinnear, Jennifer Lawrence, Julianne Moore, Joan Rivers, Tim Roth, Paul Scheer, Governor Arnold Schwarzenegger, Sarah Silverman, Kevin Spacey, Emma Stone and Sofia Vergara.

The show featured Maroon 5 as this year's house band. In addition to entertaining the audience throughout the awards ceremony, the band gave a special red carpet performance during the live pre-show, and also performed "Stuck in the Middle with You" from the movie "Reservoir Dogs." Keri Hilson also performed "Son of a Preacher Man" during the Critic's Choice Music+Film Award tribute to Quentin Tarantino.

For the show's best moments, acceptance speeches, red carpet photos and interviews and a complete list of winners visit criticschoice.vh1.com.