VIDEO: Adele Performs SKYFALL at The Oscars

On tonight's 85th Annual Academy Awards, Grammy (and now Oscar winner) Adele performed her song SKYFALL from the latest James Bond film. Check out the video, via Perez Hilton, below!

The duo won best 'Music (Original Song)' over J. Ralph for his song BEFORE MY TIME from CHASING ICE; Walter Murphy and Seth MacFarlane for EVERYBODY NEEDS A BEST FRIEND from TED; Michael Danna and Bombay Jayashri for PI'S LULLABY from LIFE OF PI; and Claude-Michel Schonberg, Herbert Kretzmer, and Alain Boubil for SUDDENLY from LES MISERABLES.

SKYFALL, is the first Bond theme ever to debut in Billboard's Top 10 and the first to be nominated for an Oscar since "For Your Eyes Only" in 1981.

For BroadwayWorld's live coverage of the 85th Annual Academy Awards, click here.

The Academy Awards for the outstanding film achievements of 2012 are being presented right now at the Dolby Theatre at Hollywood & Highland Center, and televised live on ABC. The Oscar presentation also will be televised live in more than 225 countries worldwide.

Craig Zadan and Neil Meron are producers of critically acclaimed and award-winning feature films, television movies, series, and Broadway productions. Their feature films include The Bucket List, Footloose, Hairspray, and Chicago, which won six Academy Awards including one for "Best Picture." For television, they've produced films of "Steel Magnolias," "Life with Judy Garland," and "A Raisin in the Sun," among many others and the series "Smash" and "Drop Dead Diva." They recently returned to their roots in live theater by producing Broadway revivals of the Tony-winning "Promises, Promises" and the Tony-winning 50th Anniversary revival of "How to Succeed in Business Without Really Trying."