There are some familiar names from the BAFTAs in contention. The Grand Budapest Hotel and Birdman both topped the nominations with nine nods each. The Imitation Game received eight, while Boyhood and American Sniper got six apiece. Just as much attention was paid to the film that was noticeable by its near-total absence, Selma: with just two nominations, for Best Picture and Best Song, it was deemed to have been well and truly snubbed.
All the gold envelopes will have been opened by around 5:30am on Monday, so, in the meantime, the crystal ball's been given an extra polish to see the results looking like this…
Best Picture
There's no change in the front runners since the BAFTAs. They only took place just over a week ago, but a week is a long time in the movies - especially when the race is this close.Should win: Boyhood. It's a beautiful achievement and has plenty of supporters.
Will win: Birdman. Word is that the film's latest campaign seems to have resonated with Academy voters.
Best Director
After Richard Linklater's win at the BAFTAs, the Birdman team will be looking to redress the balance.Should win: Alejandro Inarritu for Birdman. The "one long take" cinematography style is a technical achievement in itself.
Will win: Inarritu. He may not have won the BAFTA but, on the same night, he took the American Directors' Guild Award. Oscar predictors don't come much more reliable.
Best Actor
Birdman's in the frame again but, once more, its leading actor is up against a Brit…Should win: Michael Keaton, Birdman. The resurgent actor would be a popular winner.
Will win: Eddie Redmayne, The Theory of Everything. British actors are taking Hollywood by storm at the moment, and Redmayne's performance is superb.
Best Actress
This one, without a doubt, is no contest at all.Should win: Julianne Moore, Still Alice. She's the front runner and more or less has her hands on the trophy already.
Will win: Julianne Moore.
Best Supporting Actor
Should win: J. K. Simmons, Whiplash. If Julianne Moore nearly has the trophy in her grasp, Simmons' name should have been engraved on his months ago!Will win: J. K. Simmons. Next…
Best Supporting Actress
Should win: Patricia Arquette, Boyhood - yet another front runner who's unlikely to be beaten.Will win: Patricia Arquette, Boyhood. It's almost a done deal.
The Oscar ceremony starts at midnight UK time on Sunday, 22nd February, so check back on Monday morning, the 23rd, to find out about the winners and the also-rans. In the meantime, the full list of nominees is to be found here.