The ceremony begin today at 10:30am pacific time, that’s 1:30 eastern.

Live streaming by Ustream

We just received the following press release from Summit Entertainment.

The most famous place in Hollywood, The Chinese Theatre (www.chinesetheatres.com), is set to honor the acting trio of “The Twilight Saga,” Kristen Stewart, Robert Pattinson and Taylor Lautner. The three will again appear together in the fourth installment of the blockbuster franchise “The Twilight Saga: Breaking Dawn – Part 1,” due in theatres Nov. 18.

The handprints-footprints ceremony honoring all three actors will take place Thurs., Nov. 3, at 10AM.

To date the “Twilight Saga” franchise’s first three films have grossed over a combined $1.8 billion at the worldwide box office.

The Chinese Theatre handprints and footprints ceremony is rich in tradition and provides the over four million people a year who visit the site an opportunity to experience the lore of Hollywood up close, for here lay the handprints and footprints of Hollywood’s most notable talents.  Comedian Bob Hope even left an imprint of his legendary ski jump-shaped nose!

Unlike any other award in Hollywood, be it an Oscar® or a sidewalk ceremony, The Chinese Theatre handprints-footprints tribute is the most selective of all, since over the course of nine decades, only 250-plus such honors have been presented.

Movie exhibitor Sid Grauman, who was one of Hollywood’s best known and most creative showmen, opened The Chinese in 1927 and launched the handprints-footprints ceremony a year later, as a promotion to advertise his many premieres and first run films.

Among the first handprints and footprints were those of Mary Pickford and Douglas Fairbanks.  Within a few years, the famous forecourt of handprints and footprints on Hollywood Boulevard was flourishing and has since become an international tourist destination. Recent celebrants have included Brad Pitt, George Clooney, Johnny Depp and Jennifer Aniston.

Today, The Chinese Theatre forecourt is among the world’s most photographed tourist sites, annually attracting as many visitors as the Taj Mahal in India and the Prado Museum in Madrid.  Along with Disneyland and Universal Studios, The Chinese Theatre is among Los Angeles’ top five tourist attractions, according to About.com.

In any given year, The Chinese Theatre hosts over 40 red carpet film premieres and since it opened, it has hosted three Academy Award® ceremonies and numerous world premieres, including those for internationally-acclaimed film franchises, such as “Star Wars” and “Harry Potter.”

More movie popcorn has been consumed here by more famous faces than anywhere else on earth and in 2012 The Chinese Theatre celebrates its 85^th anniversary with many new innovations planned.

The ceremony will be broadcast live via streaming video on www.chinesetheatres.com.