VIDEO: Natalie Portman, Nicole Kidman & The Social Network All Get Oscar Nominations

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Jan. 25 2011, Updated 2:10 p.m. ET

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A slew of stars -- from Hollywood's young guns, including Natalie Portman and Jesse Eisenberg to Hollywood's 'senior sect' like Nicole Kidman and Colin Firth -- scored Oscar nominations Tuesday.

The nominees for the 83rd Academy Awards were announced in Beverly Hills, and The King's Speech ruled with a leading 12 nominations, including a best picture nod and individual honors for Firth, Helena Bonham Carter and Geoffrey Rush.

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"This story has struck such a rich resonant chord with audiences of all ages, which is very exciting," Rush said in a statement following the award announcements. "To have your work honored by your industry peers is even better."

For the second year in a row, 10 films are nominated for best picture, up from the usual five. The rest of the best picture nominees are Black Swan, The Fighter, Inception, The Kids Are All Right, 127 Hours, The Social Network, Toy Story 3, True Grit and Winter's Bone.

It's anyone's guess who will capture the top film prize, as traditional award season predictors have yielded mixed results: The Social Network took best drama at the Golden Globes, while The King's Speech snatched the top prize at Producers Guild of America Awards.

The nominees for best actress are Annette Bening for The Kids Are All Right; Nicole Kidman for Rabbit Hole; Jennifer Lawrence for Winter's Bone; Natalie Portman for Black Swan; and Michelle Williams for Blue Valentine.

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Read the complete list of Oscar nominees.

Candidates for best actor include Firth for The King's Speech; Jesse Eisenberg for The Social Network; James Franco for 127 Hours; Javier Bardem for Biutiful; and Jeff Bridges, for True Grit.

The best supporting actor candidates are Christian Bale for The Fighter; John Hawkes for Winter's Bone; Jeremy Renner for The Town; Mark Ruffalo for The Kids Are All Right; and Rush for The King's Speech.

Nominees for supporting actress Amy Adams for The Fighter; Helena Bonham Carter for The King's Speech; Melissa Leo for The Fighter; Hailee Steinfeld for True Grit; and Jacki Weaver for Animal Kingdom.

Steinfeld's the 14-year-old newcomer some say outshined her co-star in True Grit, current best actor nominee/last year's winner Bridges.

“We were aware if the kid doesn’t work, there’s no movie” filmmaker Ethan Coen told The New York Times of her breakout performance.

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Among the best director picks nominees are David Fincher for The Social Network; Darren Aronofsky for Black Swan; Joel and Ethan Coen for True Grit; Tom Hooper for The King's Speech; Christopher Nolan for Inception; and David O. Russell for The Fighter.

In addition to The King's Speech getting 12 nods, True Grit received 10 nominations, and both Inception and The Social Network each received eight.

James Franco and Anne Hathaway will co-host the ceremony, which airs live on ABC from Hollywood's Kodak Theater on Sunday, February 27.

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