84th Annual Academy Awards: And The Nominees Are…

After winning three Golden Globes, including Best Picture, it’s no surprise that The Artist received ten Academy Award nominations this morning, but it was Martin Scorsese’s Hugo that led the field with eleven nominations.

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Though most of the film’s nominations were in technical categories, Hugo is one of nine films nominated in the Best Picture category this year. The Artist was also nominated in the category, along with Steven Spielberg’s War Horse, Woody Allen’s Midnight in Paris, and Alexander Payne’s The Descendents, starring George Clooney.

Rounding out the Best Picture category are the adaptations of two bestselling novels, Extremely Loud & Incredibly Close and The Help, and two Brad Pitt-starrers, The Tree of Life and Moneyball.

As usual, a good number of this year’s nominees are relatively small films with low production costs that might have gone relatively unnoticed had they not been recognized this awards season, but a fair few of the major studio films have done well for themselves, including Universal’s (NASDAQ:CMCSA) Bridesmaids, which is nominated for Best Original Screenplay, and Touchstone’s (NYSE:DIS) The Help, which has raked in $169.6 million domestically since its August release.

Disney’s Touchstone was also behind War Horse, which received six Oscar nominations this morning and has grossed $72.3 million domestically to date. Paramount (NYSE:TWX) adapted Extremely Loud & Incredibly Close, as well as Hugo, which had a production budget of $150 million.

Columbia Pictures (NYSE:SNE) was behind Moneyball, which opened nationwide in September, grossing $75.5 million to date, and Ides of March, which was nominated for Best Adapted Screenplay. Sony Pictures’ (NYSE:SNE) Midnight in Paris started small, opening in six theaters in May, but has since expanded to over 1,000 theaters in the U.S. and thousands more abroad for a worldwide gross of $148.3 million, a more than fair return on a $17 million production budget.

Fox Searchlight’s (NASDAQ:NWSA) The Descendants also started small, opening in 29 theaters in November, but has since expanded, grossing $51.3 million to date as it continues its awards-fueled run in theaters.

Albert Nobbs, which has yet to be released, grabbed a couple acting nominations, including Best Actress, for which Meryl Streep was also nominated for her portrayal of Margaret Thatcher in The Iron Lady, but the Best Picture nominees dominated most of the Academy’s other categories. The nine Best Picture nominees have received a combined 51 nominations across 24 categories, from Best Actor to Best Original Screenplay to Best Costume Design.

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To contact the reporter on this story: Emily Knapp at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com