The King’s Speech leads the race for the Bafta awards with 14 nominations, including best picture and best director. Black Swan follows with 12.
Colin Firth follows his Golden Globes success with a nomination for best actor for his role as stammering King George VI in The King’s Speech, while Natalie Portman, star of Black Swan, is nominated for best actress.
Mr Firth’s co-star, Helena Bonham Carter, is up for best supporting actress for her role as Queen Elizabeth in the film.
The movie, which had a disappointing result at the Golden Globes when it won just one of its seven nominations, is also up for best British film.
Mr Firth’s rivals in the best actor category are US actor Jesse Eisenberg for The Social Network, Jeff Bridges for True Grit, Javier Bardem for Biutiful and James Franco for the Danny Boyle film 127 Hours.
The glitzy February event, at London’s Royal Opera House, will be a battle between The King’s Speech and ballet-dancing drama Black Swan, after the films received the most nods.
Thriller Inception, starring Leonardo DiCaprio, follows with nine nominations, while rock-climbing drama 127 Hours and True Grit, the Coen brothers film, are in eight categories.
The Social Network, about the founding of Facebook, is up for six gongs.
Tim Burton’s Alice In Wonderland has five nominations, while The Kids Are All Right, about a lesbian couple and their children, and Made In Dagenham, a dramatisation of the 1968 strike at the Ford factory, have four apiece.
The Fighter, The Girl With The Dragon Tattoo and Toy Story 3 each receive three nominations.
The ceremony, hosted on February 13 for the fifth year by Jonathan Ross, is the biggest movie bash in the UK.
The King’s Speech will do battle against Black Swan, Inception, The Social Network and True Grit for best film.
Best director nominees are Danny Boyle (127 Hours), Darren Aronofsky (Black Swan), Christopher Nolan (Inception), Tom Hooper (The King’s Speech), and David Fincher (The Social Network).
Pete Postlethwaite, who died last month at the age of 64 after a battle with cancer, has a posthumous nomination for best supporting actor for his role in crime film The Town.
He is up against Australian actor Geoffrey Rush for his performance as an unconventional speech therapist in The King’s Speech, Welsh-born Christian Bale (The Fighter), British actor Andrew Garfield (The Social Network), and Mark Ruffalo (The Kids Are All Right).
In the best actress category, Ms Portman is up against 14-year-old US contender and former unknown Hailee Steinfeld for True Grit. She is said to have won the part in the Coen brothers’ film following an open casting call.
Annette Bening and Julianne Moore (The Kids Are All Right), and Swedish actress Noomi Rapace (The Girl With The Dragon Tattoo) are also in the running. Graffiti artist Banksy is up for outstanding debut by a British writer, director or producer for his faux documentary Exit Through The Gift Shop.
Four Lions, a farce about suicide bombers by TV satirist Chris Morris, acclaimed shoestring-budget sci-fi movie Monsters, dark comedy Skeletons and The Arbor, the story of Bradford playwright Andrea Dunbar, are also in the running.
The King’s Speech is up against 127 Hours, Another Year, Four Lions and Made In Dagenham in the British film category.