Photo Credit: ABC/Getty Images

It was the biggest Oscar flub in the history of the Academy Awards Sunday night.

After La La Land was declared the winner in the night’s biggest prize, Best Picture, it turns out that wasn’t the case at all, and Moonlight was the rightful recipient.

How it all went down began when Warren Beatty and Faye Dunaway were reunited on-stage to present the final award of the evening, because it was the 50th anniversary of the film Bonnie and Clyde in which they starred. When it was time to reveal the winner, Beatty opened the envelope, checked inside the envelope again, looked confused, took a long pause and then glanced over at Dunaway, who clearly thought he was pulling some sort of prank or embellishing the moment.  “You’re impossible!” she said, “Come on!” Beatty handed the envelope to Dunaway, who announced the winner was La La Land!

When the joyous La La Land team arrived on stage, producers Jordan Horowitz and Marc Platt delivered their heartfelt emotional speeches. But behind them stage managers and such were in the mix of the La La Land team. A flurry of activity began behind them.  A stage manager with a headset started talking to several people, as did one of the accountants in charge of tabulating Oscar ballots.

Next, Horowitz stepped to the mic and said, “Guys, guys, I’m sorry. No. There’s a mistake,” he said. “‘Moonlight,’ you guys won best picture.”  “This is not a joke.”  Platt interjected. “I’m afraid they read the wrong thing.”  Horowitz then held up the card that proved it: “‘Moonlight’ … Best Picture.”

Beatty then decided to step up to the mic himself and explain the snafu: “I want to tell you what happened. I opened the envelope and it said, Emma Stone, ‘La La Land.’” (Stone had just won best actress moments before.)  “That’s why I took such a long look at Faye, and at you. I wasn’t trying to be funny. ” Beatty said to the audience.  “This is ‘Moonlight,’ the best picture,” Beatty said, turning the correct card around.  E! also reported that Warren Beatty was handed the wrong envelope and showed a close-up shot of it.

Moonlight director, Barry Jenkins took to the stage in the confusion and said on the mic: “Very clearly, even in my dreams this could not be true. But to hell with dreams! I’m done with it, because this is true. Oh, my goodness.”

Following the snafu, the accounting firm of PriceWaterhouseCoopers put out this statement: “The presenters had mistakenly been given the wrong category envelope and when discovered, was immediately corrected,” the statement continued. “We are currently investigating how this could have happened, and deeply regret that this occurred. We appreciate the grace with which the nominees, the academy, ABC and Jimmy Kimmel handled the situation.”

During the moments that all of this drama took place live on the Oscars after over 3 hours and 4o minutes, social media was abuzz! Many notables from the world of daytime drama took a moment to share their shock, happiness, or commentary on the action that they just watched play-out on live TV.  Here is just a sampling below!

Stephen Nichols: So very happy Moonlight won best picture… even after that ridiculous faux pas. #oscars #lovemovies

Mary Beth Evans: I feel bad for these icons .. a mix-up that wasn’t their fault.

Mal Young:  Bonnie & Clyde still causing mayhem

Victoria Rowell: OSCARS debacle stars announce wrong winner for BEST MOVIE – it ROBBED moment/momentum for rightful winner, MOONLIGHT. “A mess”

Catherine Hickland: Hmmm. That was interesting. We placed a bet on that last award in Las Vegas. We were 5 to 1. They announced LaLa Land won. Which means we lost the bet. We left the theater to come to the governors Ball. All of a sudden we find that we won the bet. There are some disappointed people over what happened, but we won, weird ending to the academy awards. Poor Warren Beatty must feel mortified. What was your reaction??

Jean Passanante:  Somebody posted on Twitter: “Does this mean Hillary won?”

Kristen Alderson: WTF just happened!?!?! #Oscars

Ian Buchanan:  I am so glad Faye Dunaway is not coming to my house tonight.  Warren Beatty got distracted when his long-lost sibling waved from the audience. Re-reading ‘Voyage of the Damned’. In horror.

So, what did you think of Beatty and Dunaway’s Oscar flub?  Were you happy to see Moonlight win Best Picture and not La La Land? How could the wrong envelope for Best Picture not end up in Warren Beatty’s hands to begin with?  Who’s comment on social media was your favorite following the debacle? Share your thoughts below!