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.

This year’s Critics’ Choice Movie Awards will feature an array of presenters including Hank Azaria, Emily Blunt, Josh Brolin, Jesse Eisenberg, Jon Hamm, Ed Helms, Rob Huebel, the Kardashians (Khloe, Kim & Kourtney), 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. Maroon 5 will also be on hand as this year’s house band performing during the show as well as the live pre-show. The 16th annual Critics’ Choice Movie Awards will air live on VH1 on Friday, January 14, 2011 at 9:00 PM ET/PT from the Hollywood Palladium.

As previously announced, renowned actor and philanthropist Matt Damon will be honored with the fourth annual Joel Siegel Award which will be presented by Emily Blunt and Jimmy Kimmel. Given annually, this special award pays homage to beloved “Good Morning America” film critic and BFCA member Joel Siegel, who lost his long struggle with cancer in June, 2007.

The 16th annual Critics’ Choice Movie Awards will also include the inaugural Critics’ Choice Music+Film Award honoring Quentin Tarantino and presented by Tim Roth. 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.

Adding to the evening’s excitement, viewers will get an exclusive sneak preview of VH1’s upcoming 2-hour series premiere event “Single Ladies,” a comedic drama that asks the question: What do women really want in a relationship? Premiering Monday, May 30th at 9 PM ET/PT on VH1, “Single Ladies” is a modern and sexy series set in the world of Atlanta fashion and music surrounding three best friends, Val (Stacey Dash), Keisha (LisaRaye McCoy), and April (Charity Shea) who all have different philosophies on sex and relationships. The preview will also be available on VH1.com immediately following the Critics’ Choice Movie Awards. “Single Ladies” is executive produced by Queen Latifah’s Flavor Unit Entertainment and will mark VH1’s first foray into the hour-long scripted genre.

Counting down to the live premiere of the Critics’ Choice Movie Awards, VH1 and MTV will air the 16th Annual Critics’ Choice Movie Awards Red Carpet Pre-Show live on Friday, January 14 at 8:00 PM ET/PT. Covering the excitement of the celebrity arrivals on the red carpet will be co-hosts Tim Kash and La La Vazquez. The pre-show will also be available on CriticsChoice.VH1.com. Additionally, CriticsChoice.VH1.com will host the event’s Live Viewing Party before and during the live telecast where users can chat with one another and watch exclusive backstage footage and celebrity interviews from the red carpet and press room. Users will also have access to real-time photos capturing the night’s red-carpet fashion highs and lows, behind-the-scenes Twitter updates from the event and an alternative multi-camera feed providing an insider’s view of the star-studded event.

Historically, the Critics’ Choice Movie Awards are the most accurate predictor of the Academy Award nominations. All four major acting category winners at the Academy Awards in 2010 were first Critics’ Choice Movie Awards winners in the same categories and were present at the January 15, 2010 ceremony to graciously give their first acceptance speeches of the awards season. The BFCA also recognized “The Hurt Locker” for “Best Picture” and Kathryn Bigelow as “Best Director,” making her the first female to win the award. “The Hurt Locker” and Bigelow also went on to win the Academy Award for “Best Picture” and “Best Director” but were both overlooked at the Golden Globes.

The 16th annual Critics’ Choice Movie Awards, honoring the finest in cinematic achievement among 2010 film releases, announced its nominees on Monday, December 13, 2010. Final ballots will go out to the BFCA members on January 10, 2011 with the deadline for returning final ballots happening today, January 12, 2010. For a full list of this year’s nominees and information about the show visit CriticsChoice.VH1.com. The site also offers VH1.com’s Award Season Twitter Tracker where users can see the awards show buzz that’s happening on Twitter in real time and Quick Critic, an opportunity to share short film reviews for a prize that includes a trip for two to next year’s Critics’ Choice Movie Awards. Additionally, interviews with many of the acting nominees can be found on the BFCAs' site CriticsChoice.com.

The Broadcast Film Critics Association (BFCA) will present Quentin Tarantino with its first ever Critics’ Choice Music+Film Award at the 16th annual Critics’ Choice Movie Awards. 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. Maroon 5 will perform a special musical tribute from one of Tarantino’s most memorable movie scenes. The ceremony will air live on VH1 on Friday, January 14 at 9:00 PM ET/PT from the Hollywood Palladium.

The inaugural Critics’ Choice Music+Film Award will honor director Quentin Tarantino who, throughout his career, has truly harnessed the power of a single song and created unforgettable, heart-breaking, exhilarating, and always dynamic moments that remain in the minds of his audience. His mastery of the artful integration of music and film can be seen in such classic movies as “Pulp Fiction,” “Reservoir Dogs,” “Kill Bill: Vol 1 & 2,” and most recently, “Inglourious Basterds.”

Counting down to the live premiere of the Critics’ Choice Movie Awards, VH1 and MTV will air the 16th Annual Critics’ Choice Movie Awards Red Carpet Pre-Show live on Friday, January 14 at 8:00 PM ET/PT. Covering the excitement of the celebrity arrivals on the red carpet will be co-hosts Tim Kash and La La Vazquez. The pre-show will also be available on CriticsChoice.VH1.com