Oscar® Nominations Announced

Mo'Nique, last year's Best Supporting Actress Oscar®-winner, and Tom Sherak, president of the Academy of Motion Picture Arts and Sciences, just announced the 83rd Academy Award nominations in Beverly Hills, California.

The King's Speech led with 12 nominations, including Best Picture, Best Actor, and Best Director. True Grit and The Social Network were close behind with 10 and eight nominations respectively.

For the second year, the Best Picture category included 10 films instead of five. This year's nominees are The King's Speech, The Kids are All Right, Inception, The Fighter, Black Swan, 127 Hours, The Social Network, Toy Story 3, True Grit, and Winter's Bone.

2011 Golden Globe winners Annette Bening and Natalie Portman are both nominated for Best Actress, while the Golden Globe's Best Actor in a Drama Colin Firth is joined by Javier Bardem, Jeff Bridges, Jesse Eisenberg, and James Franco.

For a full list of this year's Oscar® nominations, visit cbsnews.com.