Here comes another year of the famous Annual Tournament of Roses Parade to be held in Pasadena California.

The 123rd Rose Parade will be on Monday January 2, 2012. You might be wondering why this falls on the 2nd day of the year and why not on the 1st day as it usually does. This is simply explained by its tradion "Never On Sunday". 2012 New Years day fell on Sunday so the parade was moved on the 2nd day as the tradion dictates.

The event will start at 8 a.m. PT (11 a.m. ET) on Monday. This year's theme is "Just Imagine". Thousands of people from all over the world come to visit california to grace this event.

The parade steps off on South Orange Grove Boulevard and Green Street and then marches east on Colorado Boulevard. The parade ends by turning north on Sierra Madre Boulevard and stopping at Villa Street. Check out a list of street closures related to the Rose Parade.

Television Networks that will be broadcasting the parade live are the following :

• KGO-TV Channel 7 & KNTV Channel 11 San Francisco Bay Area 8 a.m. to 10 a.m.  PST
• ABC or NBC station East Coast Viewers 11 a.m. to 1 p.m. EST
• Univision broadcasted in Spanish locally KDTV, Channel 14.).  
• KTLA 5 Los Angeles - Watch Live Streaming Video Above
• HGTV Hallmark Channel (Home & Garden Television)
• RFD-TV
• Sky Link TV

The parade will be broadcasted commercial-free live at 8:00 a.m. by KTLA 5, live streaming is shown on video above with hosts Bob Eubanks and Stephanie Edwards. KTLA 5's full coverage begins at 6:00 a.m. on January 2 with "Backstage at the Parade," featuring KTLA personalities Frank Buckley, Jessica Holmes, Megan Henderson, Henry DiCarlo, Chris Schauble and many others. Coverage continues at 7:00 a.m. with "Parade Countdown".

This year's Grand Marshall is J.R. Martinez, a military veteran turned inspirational speaker and actor (and the 2011 champion of Dancing With The Stars).

Rose Queen Drew Washington also joins the parade, where she will appear with six rose princesses: Morgan Eliza Devaud, Stephanie Grace Hynes, Cynthia Megan Louie, Kimberly Victoria Ostiller, Hanan Bulto Worku and Sarah Nicole Zuno. Richard Jackson, president of the Tournament of Roses, praised this year's royal court, saying, "We are so honored to have them as a part of our Tournament of Roses family. These beautiful, smart and poised young ladies have been and will continue to be excellent ambassadors of the Tournament of Roses."