Oscars: Warren Beatty and Faye Dunaway Reference "Envelopegate" While Presenting Best Picture

The 90th annual Academy Awards took place at the Dolby Theatre in Hollywood on Sunday.

After last year's infamous "Envelopegate" gaffe, Warren Beatty and Faye Dunaway took to the stage for the second consecutive year to present best picture at Sunday's 90th annual Academy Awards.

In 2017 Dunaway read the wrong best picture winner after the pair was handed the best actress category envelope. The mix-up resulted in La La Land being erroneously named best picture though Moonlight had won. When the mix-up was discovered, a La La Land producer welcomed the Moonlight crew to the stage to accept the award.

Beatty and Dunaway briefly alluded last year's gaffe, with Beatty starting out by saying: "Thank you. It's so nice seeing you again." Dunaway quipped: "As they say, presenting is lovelier the second time around."

Kimmel introduced the Bonnie and Clyde co-stars, joking: "This is the home stretch. Nothing could possibly go wrong. What happened last year was Waterhouse under the bridge," a reference to the accounting firm of PricewaterhouseCoopers, which took responsibility for the envelope mix-up.

On Sunday night, Beatty announced — correctly — that The Shape of Water was the winner of best picture.

The Academy Awards, hosted by Jimmy Kimmel, took place at the Dolby Theatre in Hollywood on Sunday.