The Oscars 2015 nominations live stream: Watch Chris Pine and JJ Abrams announce the nominees online

The Oscars 2015 nominations will be revealed on 15 January, 2015 and the event producers have decided to announce the nominees in a new, innovative way this year.

For the first time, nominees in all 24 categories will be revealed during a two-part live news conference with filmmakers Alfonso Curaron (Gravity), JJ Abrams (Star Wars), actor Chris Pine (Star Trek, Horrible Bosses 2) and Academy president Cheryl Boone Isaacs announcing the contenders, reports CBS News.

The conference will be held at the Academy's Samuel Goldwyn Theatre in Beverly Hills, California and can be viewed online via live stream.

"Each of the three years we've produced the show, we have attempted to refresh elements of the process and the telecast," said Oscars producers Craig Zadan and Neil Meron. "This year, we're honoured to start a new tradition that celebrates the contributions of all the nominees by announcing all 24 categories. We're thrilled that a distinguished actor and two world-class film directors are part of the initial launch."

Beginning at 5:30am PT/8:30am ET, Cuaron and Abrams will announce the nominees for Animated Feature Film, Documentary Feature, Documentary Short Subject, Film Editing, Original Song, Production Design, Animated Short Film, Live Action Short Film, Sound Editing, Sound Mixing and Visual Effects.

Then, at 5:38 am PT/8:38 am ET, Pine and Boone Isaacs will unveil the nominations for Best Actor, Best Actress, Best Supporting Actor, Best Supporting Actress, Cinematography, Costume Design, Directing, Foreign Language Film, Makeup and Hairstyling, Original Score, Adapted Screenplay, Original Screenplay and Best Picture.

Click here to watch the nominations announcement online via live stream.

The 87th Academy Awards will be handed out on 22 February, 2015 and the prestigious ceremony will be hosted by Neil Patrick Harris.