Clint Eastwood's 'Million Dollar Baby' had a rich night at the Oscars taking home statues for best picture, best director, best supporting actor and best actress.

While 'Million Dollar Baby' took home the most prestigious awards, 'The Aviator' took home the most Oscars of any film with five wins including best supporting actress won by Cate Blanchett.

For Eastwood, it was his second best director Oscar, having won previously for 1992's 'Unforgiven.' He also became the oldest ever best director winner at the age of 74.

Despite setting the record for oldest best director, Eastwood said he is far from finished. In his acceptance speech, he thanked his mother who is still alive at the age of 96.

'She's here with me again tonight, so at 96, I'm thanking her for her genes,' Eastwood said. 'I figure I'm just a kid. I've got a lot of stuff to do yet.'

Eastwood beat out Martin Scorsese for the best director Oscar. It was the fifth time Scorsese has been nominated for an Academy Award as best director but he has yet to win. He joins luminaries such as Robert Altman and Alfred Hitchcock in being winless after five nominations.

Morgan Freeman won his first Oscar by taking the Best Supporting Actor category for 'Million Dollar Baby.' Freeman had previously been nominated for his work in 'Driving Miss Daisy' and 'The Shawshank Redemption' but this was the veteran actor's first win.

Jamie Foxx took home best actor for his portrayal of Ray Charles in the biopic 'Ray.' Foxx was long considered the favorite for the award even from before the film was actually released.

Hilary Swank won her second Oscar in the best actress category for 'Million Dollar Baby.' She had won previously for 'Boys Don't Cry.' Oddly enough, both times she beat out Annette Bening.

In other categories, 'The Incredibles' edged out 'Shrek 2' for best animated feature, 'The Sea Inside' won as best foreign-language film, while 'Born Into Brothels,' won for feature-length documentary.

Among the highlights of the evening were host Chris Rock's traditional jokes at the expense of nominees and Robin Williams who made a farce out of the outrage by conservatives about the alleged homosexuality of cartoon sponge 'SpongeBob SquarePants.'

The 77th Academy Awards also marked the second time ever that African-Americans took home two of the top four acting awards.

Overall, it was a million dollar night for 'Million Dollar Baby.'