Craig's take on this year's Oscar nominations

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PHOENIX -- Movie guy Craig Outhier weighs in on this year's Academy Award nominations.

The British monarchy saga "The King's Speech" leads the Academy Awards with 12 nominations, including best picture and acting honors for Colin Firth, Helena Bonham Carter and Geoffrey Rush.

Also nominated for best picture Tuesday were the psychosexual thriller "Black Swan"; the boxing drama "The Fighter"; the sci-fi blockbuster "Inception"; the lesbian-family tale "The Kids Are All Right"; the survival story "127 Hours"; the Facebook chronicle "The Social Network"; the animated smash "Toy Story 3"; the Western "True Grit"; and the Ozarks crime thriller "Winter's Bone."

The Feb. 27 Oscar ceremony will be televised live on ABC from Hollywood's Kodak Theatre.