The Kings Speech, a British drama about the stammering monarch King George VI, leads this year's Oscar nominations with 12 nods, while another period drama True Grit follows closely with 10 nominations.
Favourite The Social Network only managed the third spot with eight nominations, while Leonardo DiCaprio-starrer psychological thriller Inception got seven.
Colin Firth is nominated in the Best Actor category for The King's Speech and the film's director Tom Hooper has bagged a nomination in the Best Director category. Helena Bonham Carter is in the running for the Best Supporting Actress, while Geoffrey Rush won a nomination for the Best Supporting Actor for the same. The film is also nominated in the Art Direction, Cinematography, Costume Design, Editing, Original Screenplay and Original Score categories.
Besides The King's Speech, the Best Film category also includes The Social Network, The Fighter, Black Swan, Inception, The Kids Are All Right, 127 Hours, Toy Story 3, True Grit, and Winter's Bone.
Firth is facing competition from James Franco for 127 Hours, Jesse Eisenberg for The Social Network, Javier Bardem for Biutiful and last year's Best Actor winner Jeff Bridges for True Grit
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