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Slideshow Follow Reuters Facebook Twitter RSS YouTube Read 2012 Oscars: Complete List of Winners 12:00am EST Oscars 2012: 'The Artist' and 'Hugo' Tie for 5 Awards, But Silent Film Wins Best Picture 12:35am EST Iran wins first Oscar with "A Separation" 1:41am EST Nine killed in Afghan airport bomb, NATO base attacked | 1:54am EST Top China paper criticizes Clinton over Syria 26 Feb 2012 Discussed 111 Afghans begin second day protest at Koran burning 97 Analysis: Can United States defuse Koran burning uproar? 96 Taliban urge Afghans to attacks Westerners Watched Sacha Baron Cohen gets a warning from Oscar Fri, Feb 24 2012 Video shows exact moment of train crash in Argentina Thu, Feb 23 2012 Brad Pitt and Angelina Jolie on the Red Carpet Sun, Feb 26 2012 Meryl Streep takes third career Oscar Tweet Share this Email Print Factbox Factbox: A look at Oscars' history Sun, Feb 26 2012 Related News "The Artist" paints golden picture at Oscars 2:59am EST Octavia Spencer wins supporting actress Oscar for "The Help" 1:10am EST Christopher Plummer wins supporting actor Oscar for "Beginners" Sun, Feb 26 2012 Oscars aim for surprises to spice up show Sun, Feb 26 2012 Analysis & Opinion Is 2012 the tipping point for China steel? France: More like Italy than Germany? Related Topics Entertainment » Fashion » Film » People » Actress Meryl Streep accepts the Oscar for Best Actress for her role in ''The Iron Lady'' at the 84th Academy Awards in Hollywood, February 26, 2012. Credit: Reuters/Gary Hershorn By Ronald Grover LOS ANGELES | Mon Feb 27, 2012 1:33am EST LOS ANGELES (Reuters) - Meryl Streep, who holds the record with 17 for the most Academy Award nominations by any actor, won the Oscar for best lead actress on Sunday for her portrayal of former British Prime Minister Margaret Thatcher in "The Iron Lady." It was Streep's third Academy Award, but her first since winning the Oscar for "Sophie's Choice" in 1982. She was also honored for the 1979 film "Kramer vs. Kramer," and had long been considered overdue for another Academy Award. Accepting her award, Streep sounded less like a winning actress than a star who had just received a lifetime achievement award. "I really understand that I'll never be up here again," she said in an emotional speech in which she congratulated Roy Helland, her hair stylist for 37 years and who shared this year's Oscar for makeup with Mark Coulier for "The Iron Lady." "I look out there and I see my life before my eyes," said Streep, addressing an audience packed with the biggest names in the movie industry . "When they called my name," said Streep. "I had the feeling I could hear half of America going, 'oh, no. Come on.'" Streep, 62, is widely regarded as the best living movie actress, and most critics said she turned in her best performance ever as Thatcher. She won her first Oscar at the age of 30 for "Kramer vs. Kramer," her fourth feature, according to the movie website IMDB. "I was a kid when I received the first nomination," she said in comments to reporters backstage. "Two of the nominees (tonight) weren't even conceived." In "The Iron Lady," she plays the feisty British leader both as a woman at the height of her powers in the 1980s, and as an old and lonely woman suffering from dementia in the present day. Streep first appeared on screen in 1977 in "Julia" after having honed her craft at the Yale School of Drama and on stage. She quickly became known for the depth and breadth of her characterizations, and for her gift with accents such as the Polish Holocaust survivor she played in "Sophie's Choice". Dozens of other movies followed, ranging from romantic fare like "Out of Africa" and "The Bridges of Madison County" to biographical movies such as "Silkwood", and dramas like "Doubt" and the HBO television series "Angels in America" for which Streep won an Emmy. She was presented the Oscar by Colin Firth, who won a statue for best actor last year for "The King's Speech" and who starred with Streep in the 2008 film "Mamma Mia!" "Mamma Mia," joked Colin Firth. "We were in Greece, I was gay, I probably fathered her daughter." In 2006, Streep changed direction to comedy, playing a ferocious fashion boss in "The Devil Wears Prada" and then camping it up in her first musical "Mamma Mia!". She followed up with a dead-on impersonation of TV cook Julia Child in "Julie & Julia" and showed her flair for romantic comedy with "It's Complicated" opposite Alec Baldwin. "You are unreasonably good," Firth said to Streep in his introduction before announcing the name of the winner." "Whatever role you play you raise the bar, making it a little more difficult for the rest of us." (Reporting by Chris Michaud; Editing by Jill Serjeant and Sandra Maler) Entertainment Fashion Film People Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap 'The Artist' Producer Thomas Langmann Backstage at the Oscars: 'No One Wanted to Help Us' 2:22am EST "Artist" producer said that winning the Oscar was especially sweet because his father had won one, and called the movie a tribute to American Cinema Octavia Spencer Backstage at the Oscars: 'I'm Scared to Death Right Now' 2:24am EST Octavia Spencer said she felt scared to death after winning her Oscar, but wants to be proactive about bringing work to others that deserve a shot Michel Hazanavicius Backstage at the Oscars: I Could Thank Billy Wilder a Thousand Times 2:39am EST The Oscar winning director of "The Artist" called Billy Wilder the perfect director and said he next wants to remake "The Search" Oscars Review: Brett Ratner Dodged a Bullet 2:43am EST The funniest person was also the only one who most decidely chose a side -former Oscar host Chris Rock ridiculing the notion that voicing animated films is hard We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) mcwr wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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