Oscar® Nominees React

"It's a big honor, I'm very happy," said James Franco, moments after receiving a Best Actor nomination for his harrowing role in 127 Hours. The Today show caught up with him as he was on his way to class at Yale University.
 
"I got my normal pre-class make-up on," he joked.

The King's Speech nominee Colin Firth also spoke to the Today show, live from London. His movie earned 12 nominations, more than any other.

"It seems like I was fired out of a cannon sometime this time last year and I'm currently orbiting Pluto," Firth said.

INSIDE EDITION's Jim Moret caught up with the number one surprise of today's nominations, Jacki Weaver. Weaver is practically unknown in the U.S. and she's a Best Supporting Actress nominee for a movie you probably never heard about, Animal Kingdom.  

She faces stiff competition from big Hollywood stars like Amy Adams and Helena Bonham Carter, but she's thrilled just to be nominated.

The Academy Awards® will air on February 27th.