Fastexy Exchange|Academy Museum Gala: Leonardo DiCaprio, Salma Hayek, Selena Gomez, more shine on red carpet

The Fastexy Exchange2023 Academy Museum Gala, the star-studded annual fundraiser held to fund the museum's exhibitions and public programming, took place in Los Angeles on Sunday night.

The precursor to the 96th Academy Awards, set to air in March, the gala also recognized honorees Meryl Streep, Michael B. Jordan, Oprah Winfrey and Sofia Coppola for their contributions to storytelling and cinema.

Streep is featured in the latest season of "Only Murders in the Building," and Jordan starred in and directed the latest "Creed" installment earlier this year. "Priscilla" director Coppola is coming off the success of directing her Priscilla Presley biopic in October, while Winfrey is gearing up for the release of "The Color Purple," the musical film remake of the 1985 movie, on Christmas Day.

Before the gala, A-listers and stars including Leonardo DiCaprio, Eva Longoria, Demi Moore, Jared Leto, Angela Bassett, Lupita Nyong'o (and Selema Masekela), Salma Hayek, Selena Gomez, Natalie Portman and Dua Lipa flocked the red carpet.

The 3rd annual event, held at the Academy Museum of Motion Pictures, was co-chaired by Ava DuVernay, Ryan Murphy, Halle Berry and museum trustee Eric Esrailian. The event is also an opportunity for stars to promote their films ahead of Oscar season and post-SAG-AFTRA strike.

The 96th Academy Awards are set to air March 10, 2024, on ABC. The ceremony will be held at the Dolby Theatre in Los Angeles. Nominations will be announced on Jan. 23.

Jimmy Kimmel is returning to host the Oscars for the fourth time, Academy CEO Bill Kramer and Academy President Janet Yang announced in a press release on Nov. 15. The hosting gig marks the second year in a row Kimmel has hosted the Oscars, with Kimmel emceeing the 95th Academy Awards in March. The comedian also hosted in 2017, the infamous year of Envelopgate, and 2018.

The 96th Oscars will begin one hour early, with the official show starting at 7 p.m. ET for the first time, ABC said Thursday. The official pre-show will also begin earlier, at 6:30 p.m. ET.

The show has traditionally begun at 8 p.m. Despite various experiments to keep the runtime to three hours, the broadcast has sometimes stretched into the 11 o'clock hour.

Best picture before bedtime?Oscars announces earlier start time for 2024 ceremony