It is that time of the year again. Award show after award show, when Hollywood honors the hard work of the film and television industry. Now that the Golden Globe Awards have come and gone, Hollywood preps itself for the prestigious Oscars, the award show that many in the film industry strive to be contenders for.

However, before you can say red carpet, glamorous dinner parties, and the countless thank you speeches, think nomination day. It is a day that Hollywood eagerly looks forward to all year. For those nominated it’s the official start of the race for the gold statue.

On Tues., Jan. 25, The Academy of Motion Picture Arts and Sciences announced the nominees for perhaps the highest awards given in the film industry. The Academy Awards, otherwise known as the Oscars, reigns as the king of award shows in the film industry.

This year’s award ceremony will take place on Sun., Feb. 27 at the Kodak Theatre in Hollywood. Twenty-three categories in all will be highlighted. However, out of the twenty-three categories, there is the prestigious top six. These include Best Picture, Best Actor, Best Actress, Best Supporting Actor, Best Supporting Actress, and Best Director.

So who will win the famous Oscar this year? To witness a piece of American tradition, tune into ABC at 7 P.M., Feb. 27 for the 77th Annual Academy Awards. It definitely will be a night to remember!

The Academy Awards

Top five category nominees:

Best Picture: The Aviator Finding Neverland Million Dollar Baby Ray Sideways

Best Actor: Don Cheadle, Hotel Rwanda Johnny Depp, Finding Neverland Leonardo DiCaprio, The Aviator Clint Eastwood, Million Dollar Baby Jamie Foxx, Ray

Best Actress: Annette Bening, Being Julia Catalina Sandino Moreo,Maria Full of Grace Imelda Staunton, Vera Drake Hilary Swank, Million Dollar Baby Kate Winslet, Eternal Sunshine

Best Supporting Actor: Thomas Haden Church, Sideways Alan Alda , The Aviator Jamie Foxx, Collateral Morgan Freeman, Million Dollar Baby Clive Owen, Closer

Best Supporting Actress: Laura Linney, Kinsey Cate Blanchett, The Aviator Virginia Madsen, Sideways Sophie Okonedo, Hotel Rwanda Natalie Portman, Closer

• Categories found at www.ocsar.com