Colin Firth and Natalie Portman

The King's Speech leads the 83rd Academy Awards with 12 nominations.

The British drama will vie for best picture alongside Black Swan, The Fighter, Inception, The Kids Are All Right, 127 Hours, The Social Network, Toy Story 3, True Grit and Winter's Bone. True Grit collected the second-highest total of nominations — 10.

King's Speech director Tom Hooper will face off against Darren Aronofsky (Black Swan), David O. Russell (The Fighter), David Fincher (The Social Network), and Ethan Coen and Joel Coen (True Grit) for best director. Inception director Christopher Nolan, who earned Golden Globe and Directors Guild Awards nominations, was snubbed. This is the third time he's been left off after garnering a DGA nomination — one of the most reliable Oscar precursors. Nolan was nominated for original screenplay.

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Front-runners and Golden Globe winners Colin Firth (The King's Speech), Natalie Portman (Black Swan), Christian Bale (The Fighter) and Melissa Leo (The Fighter) all earned nominations.

Javier Bardem (Biutiful), for whom many stars including Julia Roberts and Sean Penn campaigned, surprised in the best-actor race. He and Firth will compete against Jeff Bridges (True Grit), Jesse Eisenberg (The Social Network) and James Franco (127 Hours). Should he win, Eisenberg, at 27, would be the youngest best-actor winner ever.

Bridges' True Grit co-star, 14-year-old Hailee Steinfeld, earned a supporting-actress nomination. She's up against Leo, Amy Adams (The Fighter), Helena Bonham Carter (The King's Speech) and Jacki Weaver (Animal Kingdom).

The 83rd Academy Awards, hosted by Anne Hatahway and James Franco, airs Feb. 27 at 8/7c on ABC.

See the nominations below:

Black Swan
The Fighter
The Kids Are All Right
The King's Speech
127 Hours
The Social Network

Toy Story 3
True Grit
Winter's Bone

Darren Aronofsky, Black Swan
David O. Russell, The Fighter
Tom Hooper, The King's Speech
David Fincher, The Social Network
Ethan Coen and Joel Coen, True Grit

Lead Actor
Javier Bardem, Biutiful
Jeff Bridges, True Grit
Jesse Eisenberg, The Social Network
Colin Firth, The King's Speech
James Franco, 127 Hours

Lead Actress
Annette Bening, The Kids Are All Right
Nicole Kidman, Rabbit Hole
Jennifer Lawrence, Winter's Bone
Natalie Portman, Black Swan
Michelle Williams, Blue Valentine

Supporting Actor
Christian Bale, The Fighter
John Hawkes, Winter's Bone
Jeremy Renner, The Town
Mark Ruffalo, The Kids Are All Right
Geoffrey Rush, The King's Speech

Supporting Actress
Amy Adams, The Fighter
Helena Bonham Carter, The King's Speech
Melissa Leo, The Fighter
Hailee Steinfeld, True Grit
Jacki Weaver, Animal Kingdom

Original Screenplay
Mike Leigh, Another Year
Eric Johnson, Scott Silver and Paul Tamasy, The Fighter
Stuart Blumberg and Lisa Cholodenko, The Kids Are All Right
Christopher Nolan, Inception
David Seidler, The King's Speech

Adapted Screenplay
Danny Boyle and Simon Beaufoy, 127 Hours
Aaron Sorkin, The Social Network
Michael Arndt, John Lasseter, Andrew Stanton and Lee Unkrich, Toy Story 3
Ethan Coen and Joel Coen, True Grit
Debra Granik and Anne Rosellini, Winter's Bone

Animated Feature

How to Train Your Dragon
The Illusionist
Toy Story 3

Foreign Language Film:
Biutiful, Mexico
Dogtooth, Greece
In a Better World, Denmark
Incendies, Canada
Outside the Law, Algeria