Colin Firth and Natalie Portman 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, BiutifulJeff Bridges, True GritJesse Eisenberg, The Social NetworkColin Firth, The King's SpeechJames Franco, 127 Hours
Lead Actress
Annette Bening, The Kids Are All Right
Nicole Kidman, Rabbit Hole
Jennifer Lawrence, Winter's BoneNatalie Portman, Black Swan
Michelle Williams, Blue Valentine
Supporting Actor
Christian Bale, The Fighter
John Hawkes, Winter's Bone
Jeremy Renner, The TownMark Ruffalo, The Kids Are All Right
Geoffrey Rush, The King's SpeechSupporting Actress
Amy Adams, The FighterHelena Bonham Carter, The King's SpeechMelissa Leo, The Fighter
Hailee Steinfeld, True Grit
Jacki Weaver, Animal Kingdom
Original ScreenplayMike Leigh, Another YearEric Johnson, Scott Silver and Paul Tamasy, The FighterStuart Blumberg and Lisa Cholodenko, The Kids Are All RightChristopher Nolan, InceptionDavid Seidler, The King's SpeechAdapted Screenplay
Danny Boyle and Simon Beaufoy, 127 Hours
Aaron Sorkin, The Social NetworkMichael Arndt, John Lasseter, Andrew Stanton and Lee Unkrich, Toy Story 3
Ethan Coen and Joel Coen, True GritDebra Granik and Anne Rosellini, Winter's Bone

Animated Feature

How to Train Your Dragon
The Illusionist
Toy Story 3
Foreign Language Film: Biutiful, MexicoDogtooth, GreeceIn a Better World, DenmarkIncendies, Canada Outside the Law, Algeria