The first major awards show of 2014 is finally airing tonight. The 71st Golden Globes will honor actors of the big and small screen for their outstanding performances. 

The show will broadcast live on NBC at 5 p.m. PT and 8 p.m. ET on Sunday, Jan. 12 from the Beverly Hilton Hotel in Beverly Hills. 

The Hollywood Foreign Press Association (HFPA) will bestow awards to the actors who gave the best performances of 2013. Films such as "12 Years a Slave" and "American Hustle" are leading the motion picture nominations, while for television, shows like "House of Cards" and the TV movie "Behind the Candelabara" lead with four nominations each. 

Here are the predictions for the television nominations: 

Best Actress in a Television Comedy: 

Zooey Deschanel, "The New Girl"

Lena Dunham, "Girls"

Edie Falco, "Nurse Jackie"

Julia Louis-Dreyfus, "Veep"

Amy Poehler, "Parks and Recreation"

Prediction: Julia Louis-Dreyfus, "Veep"

Louis-Dreyfus will most likely take home the award for her portrayal of Selina Meyer. Dreyfus is truly a comedy virtuoso who has the ability to deliver sardonic, biting one-liners while also doing ridiculous, slapstick comedy. Her believability as the driven, yet sometimes misguided vice president will most likely earn her the coveted Golden Globe. 

Click here to read the full article and see the prediction poll. 

Best Actor in a Television Comedy: 

Jason Bateman, "Arrested Development"

Don Cheadle, "House of Lies"

Michael J. Fox, "The Michael J. Fox Show"

Jim Parsons, "The Big Bang Theory"

Andy Samberg, "Brooklyn Nine-Nine"

Prediction: Andy Samberg, "Brooklyn Nine-Nine"

While he may seem like an odd choice as the winner in comparison to the veteran actors in this category, the Hollywood Foreign Press Association has given this award to actors who are nominated from new shows two years running. Samberg is the face of bizarre and often very random comedy, which he brings to the new series in a fitting way. His portrayal of the childish but intelligent Peralta is commendable, even though the show is lacking in popularity. However, it is also predicted that Michael J. Fox could also win in this category, as he has been a Hollywood favorite for decades.

Click here to read the full article and see the prediction poll. 

Best Television Comedy or Musical

"The Big Bang Theory"

"Brooklyn Nine-Nine"

"Girls"

"Modern Family"

"Parks and Recreation"

Prediction: "The Big Bang Theory"

While many think "Girls" should take home the award, the Golden Globe will most likely go to the award-winning series "The Big Bang Theory" once again. The quirky show surrounding Sheldon, Leonard (Johnny Galecki), Howard (Simon Helberg) and Raj (Kunal Nayyar) is always witty and constantly shows characters' personal progression. The social ineptitude of the four geeks is offset well by Penny's social intelligence. The show continues to be a favorite, and will most likely take yet another award to add to its growing collection.

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Best Actress in a Television Drama

Julianna Margulies, "The Good Wife"

Tatiana Maslany, "Orphan Black"

Taylor Schilling, "Orange is The New Black"

Kerry Washington, "Scandal"

Robin Wright, "House of Cards"

Prediction: Tatiana Maslany, "Orphan Black"

Newcomer Maslany is the predicted winner of this category, owing to her compelling performance as an orphan who realizes that she is part of a strange and frightening scientific conspiracy. Maslany shows her acting chops by playing many different roles as multiple clones of the main character, Sarah. Maslany is affecting and captivating as the damaged character, who is searching for the person that is killing off the clones one by one.

Read the full article here. 

Best Actor in a Television Drama

Bryan Cranston, "Breaking Bad'

Liev Schrieber, "Ray Donovan"

Michael Sheen, "Master of Sex"

Kevin Spacey, "House of Cards"

James Spader, "The Blacklist"

Prediction: Bryan Cranston/Walter White, "Breaking Bad"

While Kevin Spacey is predicted to take home the award, the Golden Globe Award should be given to Cranston for his searingly real portrayal of White, an antihero whose personal corruption is simultaneously fascinating and disturbing. Cranston shows White's exterior hardness and growing greed, which stems from latent feelings of inferiority. His egotism reaches epic proportions, which Cranston portrays with almost unbelievable authenticity. Cranston's acting virtuosity is at the same level--if not better--than many movie actors, and has forever raised the bar for television dramas.

Check out the article here. 

Best Television Drama

"Breaking Bad"

"Downton Abbey"

"The Good Wife"

"House of Cards"

"Masters of Sex"

Prediction: "House of Cards"

While many believe "Breaking Bad" deserves the award, the Golden Globe will most likely go to the Netflix hit "House of Cards." "Breaking Bad" has never won a Golden Globe before, and it is likely that the award will instead go to "Cards," which is the first show solely released on the Internet to be nominated for a Golden Globe. The pioneering drama has an intricate plot and an anti-hero lead character who is consumed by the seduction of power. Spacey's Shakespearean asides to the camera create a modern, political take on Richard III that is darkly compelling. However, there is still a chance that fan-favorite "Breaking Bad" could finally take home the prize it deserves. 

Read the article here. 

Best Supporting Actress in a Series, Miniseries of TV Movie: 

Jacqueline Bisset, "Dancing on the Edge"

Janet McTeer, "The White Queen"

Hayden Panettiere, "Nashville"

Monica Potter, "Parenthood" 

Sofia Vergara, "Modern Family"

Prediction: Monica Potter, "Parenthood"

Potter, who was snubbed for the Emmy, may take the trophy this time for her portrayal of Kristina Braverman. While Potter has put on a consistently wonderful performance as the dependable mother, her portrayal of her character's harrowing battle with cancer was especially moving. Potter deserves the Golden Globe for her realistic, affecting performance.

Read the article here. 

Best Supporting Actor in a Series, Miniseries or TV Movie 

Josh Charles, "The Good Wife"

Rob Lowe, "Behind the Candelabra"

Aaron Paul, "Breaking Bad"

Corey Stoll, "House of Cards"

Jon Voight, "Ray Donovan"

Prediction: Jon Voight, "Ray Donovan"

Veteran actor Jon Voight will most likely take the trophy for his portrayal of Mickey Donovan. Although he is a ruthless Boston gangster who seemingly lacks compassion, his humor and energy drives the series forward. His ability to portray Mickey's hedonism while showing tinges of regret brings complexity to his outrageous character. Voight's character is a big part of what keeps audiences coming back for more. However, there is still a chance that fan favorite Aaron Paul could take it for his excellent acting as Walter White's (Bryan Cranston) sidekick Jesse Pinkman.

Check out the full article here. 

Best Actress in a Television Movie or Miniseries: 

Helen Bonham Carter, "Burton and Taylor"

Rebeccua Ferguson, "The White Queen"

Jessica Lange, "American Horror Story: Coven"

Helen Mirren, "Phil Spector"

Elisabeth Moss, "Top of the Lake"

Prediction: Helena Bonham Carter, "Burton and Taylor"

Although it was previously predicted that Elisabeth Moss could win in this category at the SAG Awards, it now appears more likely that Helena Bonham Carter may take the prize at both award shows. Carter's portrayal of the iconic star captures her frank and often ribald personality, as well as her underlying insecurities. Taylor's love for Burton was complicated but enduring, which Carter conveys excellently.

Check out the full article here. 

Best Actor in a Miniseries of TV Movie

Matt Damon, "Behind the Candelabra"

Michael Douglas, "Behind the Candelabra"

Chiwetel Ejiofor, "Dancing on the Edge"

Idris Elba, "Luther"

Al Pacino, "Phil Spector"

Prediction: Michael Douglas, "Behind the Candelabra"

While every actor embodies his character with virtuosity, Douglas' portrayal of the man behind the sequins and flash was especially entertaining and equally complex. He portrays the realities of who he was, which is a deeply flawed man who was an undiagnosed sex addict and obsessed with keeping his homosexuality a secret. Douglas is the favorite to win in this category, and will most likely take home the award.

Go here to read the full article. 

Best TV Movie or Miniseries: 

"American Horror Story: Coven"

"Behind the Candelabra"

"Dancing on the Edge"

"Top of the Lake"

"The White Queen"

Prediction: "Behind the Candelabra"

While "American Horror Story: Coven" is incredibly compelling-- in large part because of the performances of Jessica Lange and Kathy Bates-- the Golden Globe will most likely go to "Behind the Candelabra." The HBO movie has received heaps of critical acclaim due to the stellar performances of Michael Douglas and Matt Damon, and also competed for the Palme d'Or. Steven Soderbergh's directing also helped catapult the TV movie to major motion picture popularity.

Check out the full article here. 

Watch E! Online's livestream of the event here.