UPDATE: Video of the Year goes to Katy Perry for Firework and she thanked her fans and of course her husband Russell Brand.

The hottest event of the year is here! Lady Gaga, Adele, Britney and more are live at the MTV Video Music Awards 2011 and RadarOnline.com has the live updates of all the winners, big moments and everything else that can happen at this star studded event.

Check back with RadarOnline.com for the inside scoop from the Nokia Theater LA Live in downtown Los Angeles.

MTV started the awards early, giving out the Best Video with a Message Award during the Pre-Show and the winner was Lady Gaga for her hit Born This Way!

Beyonce Knowles walked the white carpet showing off her baby bump, congrats to the new mama-to-be!

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