Warren Beatty and Faye Dunaway are having a worse Monday than you

Getty Chaos ensued on the final award of the night when La La Land was accidentally named Best

La La Land producer Jordan Horwitz then graciously passed his statue to the Moonlight producers.

Hollywood publications have already taken to calling the moment the most significant debacle in Oscars history.

A stage hand delivered the news while producer Marc Platt was making the first speech for "La La Land".

It turned out "Moonlight" was the actual victor, even though it took a while for everyone - from those attending the ceremony to those watching at home - to absorb what had happened.

Amid the chaos, Horowitz took it upon himself to announce that Moonlight had actually won.

There's no way around it: The colossal screw-up at Sunday night's (Feb. 26) Oscars that resulted in La La Land being handed the best picture award intended for Moonlight was a whopper.

The Oscars ceremony was coming to a close when Warren Beatty and Faye Dunaway came on stage to announce the Best Picture of 2017.

"I will say, I saw two cards, and so things just happen. I wasn't trying to be amusing", said the 79-year-old American actor and filmmaker.

According to the Academy librarians working backstage, this kind of a mix-up has never happened for the Best Picture category before, though presenters have received the wrong envelope before.

"There was a lot of confusion onstage, and at a certain point it was clear that the wrong envelope had been given", Horowitz said.

The Miss Universe host was the butt of many jokes previous year as he announced Miss Colombia as the victor, instead of Miss Philippines.

"Much respect, sir, much respect", Moonlight director Barry Jenkins said to Beatty.

And that movie, as Axford told us last week, was Moonlight.

Kimmel ended the evening by saying. It's fantastic to think that in the Academy's 89 years, nothing like this has ever happened, but it's important that we recognize that Warren Beatty was not the one who actually announced the wrong name. "Personally, I blame Steve Harvey for this", Mr Kimmel joked on stage.

"I think we all would've love to have won Best Picture", she began.