Fresh off the heels of the Golden Globes and Movie Critics Awards, the Screen Actors Guild Awards is set to air Saturday and you can watch it live, right here at 5pm PST/8pm EST.

With this being the third ceremony for awards season, many fans are wondering what to expect this time around. 

Matthew McConaughey is expected to win the Best Actor award for his role in Dallas Buyers Club in which he plays a man from Texas struggling with AIDS. The actor already won a Golden Globe for that picture this year.

Everyone is already talking about director Steve McQueen's dynamic film 12 Years a Slave that is leading the nominations with a total of four, including ensemble, male actor in a leading role and female actor in a supporting role. It's predicted that the movie's lead, Chiwetel Ejiofor, will win the Best Actor award if McConaughey doesn't.

Television shows nominated include the popular CBS series The Big Bang Theory, FOX's Modern Family, Breaking Bad, Downton Abbey, 30 Rock and Arrested Development.

Funny girls and Golden Globe Award hosts Tina Fey and Amy Poehler will be making appearances as presenters, along with Bradley Cooper, John Goodman, Ben Affleck, Don Cheadle, Jennifer Garner, Meryl Stsreep, Scandal's Kerry Washington and Oprah Winfrey. 

Morgan Freeman is slated to present West Side Story actress Rita Moreno, 82, with the SAG Life Achievement Award.

It is also speculated that winners of the SAG will imply who will win the coveted Oscar awards, so viewers are encouraged to take note. 

Red carpet coverage for the show kicks off at 6ET/3PT. 

Tags: Screen Actors Guild Awards 2014