The 20^th annual Screen Actors Guild award will take place on Saturday night live from the Shrine Auditorium in Los Angeles in what should be a fantastic night in the film awards calendar.

The SAG awards will be broadcast on TV on both the TNT and TBS networks from 8p.m. EST. Prior to the award show, a live stream of the red carpet arrivals will be available to watch online on the TNT website. The red carpet coverage starts at 6 p.m. EST.

This year, a lineup of star-studded presenters have been announced. Many of these presenters are nominees themselves for the prestigious Screen Actors Guild Awards.

Presenters include Matt Damon, Robert DeNiro, Chiwetel Ejifor, SAG-AFTRA President Ken Howard, Mindy Kaling, Jennifer Lawrence, Julia Louis-Dreyfus, James Marsden, Ewan McGregor, Lupita Nyong'o, Sarah Paulson, Julia Roberts, Elisabeth Röhm, Meryl Streep, and Emma Thompson. Other presenters include Ben Affleck, Sasha Alexander, Don Cheadle, Morgan Freeman, Jennifer Garner, Clark Gregg, Tom Hanks, Jared Leto, Matthew McConaughey, Kevin Spacey, Kerry Washington, Forest Whitaker and Oprah Winfrey.

For this year, the SAG 50^th Life Achievement Award will be given to actress Rita Moreno. The 82-year-old won numerous awards in her lifetime, including a Grammy, Oscar and a Tony for her various works. The award will be presented by Morgan Freeman.

This year, "12 Years A Slave" has received four nods and is expected to come out tops at the award show tonight.

Movies nominated for "Outstanding Performance by a Cast in a Motion Picture are:

12 Years a Slave

American Hustle

August: Osage County

Dallas Buyers Club

Lee Daniels' The Butler

See a full list of nominations here.

Watch a promo video of the 2014 Screen Actors Guild Awards below: