It'll be a showdown between the British and Americans at the 83rd Academy Awards this year. The King's Speech received 12 nominations while True Grit received 10. Other great movies receiving nominations this morning include: Inception and The Social Network, each receiving 8 nods and The Fighter receiving 7 nominations.

The Oscar Awards will be handed out Sunday, February 27th and hosted by Anne Hathaway and James Franco.

See the complete list of nominations here.