The Game Awards 2014 starts in just a few hours and you can watch it on several websites and services, including PSN, Xbox Live, Wii U, Steam, Twitch, MLG, NicoNico and GameSpot, among others. One of the options includes watching the event on YouTube, so I embedded the video on top so that you can watch it live here on my website.
The Game Awards 2014 takes place on December 5th, 2014 at 9 PM ET / 6PM PT. As part of the event there will be several announcements and world premieres, so expect some sort of coverage over the next couple of days on the site.
Source: The Game Awards