VIDEO: Liza Minnelli Chats 'Wizard of Oz' Tribute on OSCAR Red Carpet

Last night's 86th annual ACADEMY AWARDS featured a tribute to the 1939 classic, The Wizard of Oz, celebrating its 75th anniversary. In honor of the milestone, the children of the film's starJudy Garland, Liza Minnelli, Lorna Luft and Joey Luft, were present at last night's awards ceremony.

On the red carpet, the siblings spoke to ET's Nancy O'Dell, and shared how thrilled they were with the tribute to their mother. "[We're] grateful. Grateful to represent a film that is so beloved around the world," said Luft. "And so beloved by everyone from eight to 80." Check out the interview in full below!

During the live broadcast, Pink performed a rendition of Somewhere Over the Rainbow. Check out the performance here!

Academy Awards for outstanding film achievements of 2013 were presented on Oscar Sunday, March 2, 2014, at the Dolby Theatre at Hollywood & Highland Center and televised live on the ABCTelevision Network. The presentation, produced by Craig Zadan and Neil Meron, was televised live in more than 225 countries and territories worldwide.

Click here for a complete list of winners!

Click here for red carpet photos.

Click here for 2014 OSCAR highlights

ABOUT THE ACADEMY

The Academy of Motion Picture Arts and Sciences is the world's preeminent movie-related organization, with a membership of more than 6,000 of the most accomplished men and women working in cinema. In addition to the annual Academy Awards-in which the members vote to select the nominees and winners-Academy presents a diverse year-round slate of public programs, exhibitions and events; provides financial support to a wide range of other movie-related organizations and endeavors. Through these and other activities the Academy serves students, historians, the entertainment industry and people everywhere who love movies.

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