The 2016 Oscar Academy Awards is happening this Sunday, Feb. 28 in Los Angeles, but with the #OscarsSoWhite controversy, some black actors and directors are skipping the ceremonies to attend a different event. This year is also touted as Leonardo DiCaprio's year to win the top acting plum, but who else is tipped to win the other awards?

Skipping The Oscars

Will Smith and his wife, Jada Pinkett Smith, are leading the Oscar boycott. They were the first to declare they won't be at the event after the academy snubbed many actors and directors of color from the nominations this year.

Instead of glamming up with Hollywood superstars this weekend, "Selma" director Ava DuVernay will be helping out at a fund-raising event to benefit the victims of the water crisis in Flint, Michigan. She will be with comedian Hannibal Buress and "Creed" director Ryan Coogler.

"Selma" and "Creed" were critically lauded films and aside from the director snubs, its lead actors were also overlooked by the Oscars. "For 20 opportunities to celebrate actors of color, actresses of color, to be missed last year is one thing; for that to happen again this year is unforgivable," said "Selma" actor David Oyelowo, who played Martin Luther King, Jr. in the movie. It's not clear whether the actor is skipping the event on Sunday.

Poised To Win

"Creed" producer and actor Sylvester Stallone earlier expressed he was not attending the event in support of his director, but Coogler convinced him he should go. Stallone is nominated for Best Supporting Actor for "Creed" and the odds are that he might bring home the award. Stallone already won a Golden Globe and a Critic's Choice award for the role early this year.

Everyone is saying that Leonardo DiCaprio is finally going to win this year for "The Revenant" after having gone through many nominations and losses over the years. His movie is also tipped to receive the Best Picture Award, while its helmer, Alejandro G. Inarritu, could bag the Best Director trophy. Inarritu was recently cited by the Directors Guild for his work.

Among the women, Brie Larson from "Room" is the top contender for Best Actress, but she has stiff competition from Cate Blanchett for "Carol" and Jennifer Lawrence for "Joy." Both actresses are previous Oscar winners. On the other hand, Alicia Vikander from "The Danish Girl" could win the Best Supporting Actress race, following her Screen Actors Guild awards win.