Oscars 2017
Writer and Director Barry Jenkins of "Moonlight" holds up the Best Picture Oscar in front of Oscars host Jimmy Kimmel (Rear) Reuters

Moonlight won Best Picture award at the 2017 Academy Awards after La La Land was incorrectly announced as the winner. Award presenters Warren Beatty and Faye Dunaway announced Ryan Gosling's film by mistake, and it was only realised after the movie's cast had taken to the stage.

La La Land's producer Jordan Horowitz suddenly realised that his film hadn't won. He said: "Guys, I'm sorry, no, there's a mistake. Moonlight, you guys won best picture. I'm going to be really proud to hand this to my friends from Moonlight."

Beatty explained: "I want to tell you what happened. I opened the envelope, and it said Emma Stone, La La Land. That's why I took such a long look at Faye and at you; I wasn't trying to be funny."

Jimmy Kimmel joked that he knew he would mess up the hosting. He added: "Personally I blame Steve Harvey for this."

Oscars 2017
Producer Jordon Horowitz holds up the card for the Best Picture winner Moonlight. At left is Ryan Gosling and right is presenter Warren Beatty who mistakenly announced La La Land as the best picture winner Reuters

In 2015, Miss Universe event saw a high volatge drama when Harvey made a major slip at the ceremony held at Planet Hollywood Resort in Las Vegas. The comedian announced Miss Colombia Ariadna Gutierrez as the winner of the pageant.

Gutierrez was wearing the crown when Harvey returned to apologise, as the real winner was Pia Wurtzbach. Following that, Miss Universe 2014 Paulina Vega took the crown from Gutierrez and placed it on Wurtzbach's head instead.

Oscars 2017
Joi McMillon and cast of "Moonlight" celebrate Best Picture Reuters

Meanwhile, Moonlight director Barry Jenkins was shocked over the win. He said: "Even in my dreams this could not be true, but to hell with dreams, I'm done with it because this is true. Oh my goodness."

The movie also won best adapted screenplay and best supporting actor for Mahershala Ali. On the other hand, La La Land won a total of six awards.

Scroll down to take a look at the funniest Twitter posts on the Oscar gaffe:

Oscars 2017 winners list

Actor in a Leading Role - Casey Aflleck (Manchester by the Sea)

Actress in a Leading Role - Emma Stone (La La Land)

Best Director - Damien Chazelle (La La Land)

Actress in a Supporting Role - Viola Davis (Fences)

Actor in a Supporting Role - Mahershala Ali

Adapted Screenplay - Barry Jenkins (Moonlight)

Writing (Original Screenplay) - Kenneth Lonergan (Manchester By The Sea)

Animated Feature Film - Zootopia

Cinematography - Linus Sangren (La La Land)

Music (Original Song) - City of Stars (La La Land)

Music (Original Score) - La La Land