The 15 awards, which are voted on by actors and other performers who belong to the SAG-AFTRA union, honor the best film and television performances from the past year. The movie musical “Wicked” and the FX series “Shogun” are the leading nominees. Here’s how to watch, and what to watch for.

For the second year in a row, the Screen Actors Guild Awards are airing live on Netflix out of the Shrine Auditorium & Expo Hall in Los Angeles. The February 23 ceremony honors TV and film performances (and offering Oscars predictors some final clues to analyze).

Meanwhile, Julia Louis-Dreyfus will present the SAG Life Achievement Award to Jane Fonda, two-time Academy Award-winning actor. The presenters were booked by longtime SAG Awards talent producers Maggie Barrett Caulfield, Sarah Cowperthwaite, and Joey Petrovich.