British historical drama "The King's Speech" has been crowned the Oscar frontrunner, garnering 12 nominations for the multibillion dollar film industry's top honors.
The understated royal film starring Colin Firth as a stammering King George VI beat rivals including Facebook movie "The Social Network," which won the most Golden Globes earlier this month and had been tipped as the Oscar favorite.
"True Grit," the Coen brothers' take on the classic Western, came in second with 10 nominations, with eight each for "The Social Network" and "Inception," for the 83rd annual Academy Awards to be held February 27.
"The King's Speech" -- which scored a disappointing single award at the Golden Globes -- won Oscar nods for best film, three acting categories, as well as for directing, editing, musical score, art direction, cinematography, costume design, sound mixing and original screenplay.
Firth tipped for best actor
Firth, who won the Golden Globe for his performance in the British movie, is widely tipped for a best actor at the Oscars show next month, the climax of Hollywood's annual awards season.
Helena Bonham Carter, his royal wife, was nominated for best supporting actress, along with Amy Adams and Melissa Leo for their roles in "The Fighter," Hailee Steinfeld in "True Grit" and Jacki Weaver in "Animal Kingdom."
The British movie's Oscars nomination success was welcomed by the Stuttering Foundation, saying the film "has brought overwhelmingly positive attention to the plight of people who stutter.
"'The King's Speech' gives the stuttering community a hero who inspires and a movie that promotes understanding and acceptance of the complexities of stuttering," said its president, Jane Fraser.
"For the stuttering community, there are few, if any, more accurate portrayals of the anguish faced by people who stutter, or of the hardship it places on family and friends, than in this movie."
Facebook blockbuster "The Social Network" had been tipped to earn the most Oscar nominations, after winning four awards at the Golden Globes on January 16.
But industry observers had noted that the British royal movie could do better at the Oscars because it is better suited to the tastes of the 6,000-plus members of the Academy of Motion Picture Arts and Sciences.
The British movie also got a small boost over the weekend when it won best picture award at the Producers Guild of America awards.
The Oscar nominations were announced by last year's supporting-actress winner Mo'Nique, joined by the Academy president Tom Sherak.
Best picture nominees
The 10 films nominated for best picture Oscar were: "Black Swan," "The Fighter," "Inception," "The Kids Are All Right," "The King's Speech," "127 Hours," "The Social Network," "Toy Story 3," "True Grit," and "Winter's Bone."
Best actor nominees
The five nominees for best actor were: Javier Bardem for "Biutiful," Jeff Bridges in "True Grit," Jesse Eisenberg in "The Social Network," Firth in "The King's Speech" and James Franco in "127 Hours."
Best actress nominees
Best actress nods went to Annette Bening in "The Kids Are All Right," Nicole Kidman in "Rabbit Hole," Jennifer Lawrence in "Winter's Bone," Natalie Portman in "Black Swan" and Michelle Williams in "Blue Valentine."
Best animation nomimees
Nominated for best animated film -- an increasingly high-profile award as technology helps create stunning blockbuster family movies -- were "How to Train Your Dragon," "The Illusionist" and "Toy Story 3."
Top of the Flops
On the eve of the Oscars nominations, nominees for Hollywood's Oscars spoof the Razzies were revealed Monday, with the "Sex and the City" sequel and the latest installment of teen vampire series "Twilight" top of the flops.
Jennifer Aniston, Ashton Kutcher, Robert Pattinson, Miley Cyrus and Barbra Streisand were also nominated by the Golden Raspberry Award Foundation, which organizes the annual salute to the worst of the worst.
