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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition World "The King's Speech," "True Grit" lead Oscar field Reuters - Wednesday, January 26 Send IM Story Print Actors Colin Firth (L) and Helena Bonham Carter are shown in a scene from the film "The King's Speech" in this undated publicity photo released to Reuters on January 25, 2011. The film was nominated for best picture for the 83rd Academy Awards announced in Beverly Hills January 25, 2011. REUTERS/The Weinstein Company/Handout By Dean Goodman BEVERLY HILLS, California - Long live the king. "The King's Speech," a British drama about wartime monarch King George VI's struggle to overcome a crippling stammer, led the Oscar field on Tuesday with 12 nominations, including best picture. Awards season favorite Colin Firth was nominated for his lead role in "The King's Speech" as the father of the current monarch, Queen Elizabeth. "Currently celebrating with my colleagues three feet above the ground," Firth, 50, said in a statement. "Not used to this much joy, or this much Champagne at this hour." His co-stars were also nominated for their supporting roles in the Weinstein Co. release: Helena Bonham Carter, as George's wife, the future Queen Mother; and Australian actor Geoffrey Rush as the untrained speech therapist who ignores royal protocol by delving into the psyche of his reluctant client. In 2009, "The Curious Case of Benjamin Button" received 13 nominations but ended up with just three awards. "True Grit," a Western remake about a young girl's brave quest to track down her father's killer, got 10 nominations. In addition to best picture, it received acting nominations for Jeff Bridges, an Oscar winner last year, and 14-year-old newcomer Hailee Steinfeld. But the Paramount Pictures project has largely been ignored during awards season, and did not receive any Golden Globe nominations. Columbia Pictures' Facebook drama, "The Social Network," which has dominated the various critics awards leading up to the Oscar nominations, received eight nominations, tying with Warner Bros.' hit sci-fi thriller "Inception." STUDIO DUEL Both will also vie for best picture, a 10-film field rounded out by "Black Swan," "The Fighter," "The Kids Are All Right," "127 Hours," "Toy Story 3" and "Winter's Bone." "Black Swan," "The Fighter," "The King's Speech," "The Social Network" and "True Grit" also picked up directing nominations. Winners of the 83rd annual Academy Awards will be announced at a ceremony in Hollywood on February 27. As in recent years there was little surprise or controversy among the leading contenders. "The list is remarkably broad and eminently fair," James Lipton, the host of the Bravo cable TV series "Inside the Actors Studio," said in an e-mail. "The Social Network" has dominated awards ceremonies leading up to the Oscars, including the Critics Choice and Golden Globe awards. "The King's Speech" was the surprise winner of the top prize from the Producers Guild on Saturday. Virtually all the best picture nominees crossed over to mainstream audiences, and those still in theaters will likely receive an Oscar-related boost in business in coming weeks. Four of the nominees are now in the top 10 at the North American box office: "The King's Speech," "True Grit," "Black Swan" and "The Fighter." "The King's Speech" has been the No. 1 film in Britain for the past three weekends. The most notable box office disappointment was "127 Hours," which has grossed about $12 million in North America. Its distributor, Fox Searchlight, will relaunch the film this weekend. The only film that remained firmly in the art-house realm was the 2010 Sundance Film Festival discovery "Winter's Bone," which earned about $6 million, and never played in more than 150 theaters. It received four Oscar nominations. For the first time since 2001, no black actors made the cut. The acting field boasts eight first-time nominees, as well as three Britons -- Firth, Bonham Carter and Christian Bale ; and one Spaniard, Javier Bardem. 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