The Red Carpet ($2.99) is the app you need if you're interested in the upcoming Academy Awards. It offers up-to-the-minute awards news, film synopses, Netflix link, and film previews. PLUS, it offers you the opportunity to select your Oscar favorites, and if you correctly pick all 24 televised Oscar winners, you can win $1 million. According to the developer, this is the first ever contest of this type to be approved for Apple's App Store. Other features let you get the latest news in real time, rate movies and write reviews, post your reviews to Facebook and Twitter, find theaters and showtimes, add films to your Netflix account, and keep track of the nominated films that you still need to see.