'Gravity' cleaned the board with seven awards, while '12 Years a Slave' won Best Picture at the ceremony at the Dolby Theatre in Hollywood, California.
Lupita picked up the gong for Best Supporting Actress for '12 Years a Slave', while Cate Blanchett won Best Actress for her role in 'Blue Jasmine' and Matthew and Jared took home the Oscar statues for Best Actor and Best Supporting Actor respectively for their roles in 'Dallas Buyer's Club'.
Jared couldn't believe his luck when he picked up his award and he later handed it to journalists in the press room for them to take photographs with it.
Meanwhile, director of '12 Years a Slave', Steve McQueen, praised his mother Mary for her ''hardheadedness'' and insisted the film was about the will ''not just to survive but to live'', while producer Brad Pitt thanked the Academy for the ''incredible'' award.
Elsewhere, Disney's 'Frozen' picked up the award for Best Animated Feature, while its soundtrack 'Let It Go' won Best Original Song. 'The Great Gatsby', starring Leonardo DiCaprio, also won two prizes at the 86th Academy Awards for Best Production Design and Best Costume Design.
The full list of winners for the Oscars 2014..
12 Years a Slave
Best Actor in a Leading Role
Matthew McConaughey - Dallas Buyers Club
Best Actress in a Leading Role
Cate Blanchett - Blue Jasmine
Best Supporting Actor
Jared Leto - Dallas Buyers Club
Best Supporting Actress
Lupita Nyong'o - 12 Years a Slave
Alfonso Cuaron - Gravity
Best Costume Design
The Great Gatsby
Best Make-Up and Hairstyling
Dallas Buyers Club
Best Short Film (Animated)
Best Animated Feature Film
Best Short Film (Live Action)
Best Documentary Short Subject
The Lady in Number 6: Music Saved My Life
Best Documentary Feature
20 Feet from Stardom
Best Foreign Language Film
The Great Beauty (Italy)
Best Sound Mixing
Best Sound Editing
Best Visual Effects
Best Film Editing
Best Production Design
The Great Gatsby
Best Original Score
Best Original Song
Let It Go - Frozen
Best Adapted Screenplay
John Ridley - 12 Years a Slave
Best Original Screenplay
Spike Jonze - Her
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