Updated: Jan. 24, 2012 at 1:54 PM

Oscar nominations 2012 (48 images)

With Scorsese's "Hugo" leading the pack with 11 nominations and "The Artist" nipping at its heels with 10 nods, the 2012 Oscar nominations were formally announced by Jennifer Lawrence and Academy President Tom Sherak.

"The Artist", pictured in this scene from the film was nominated for best motion picture for the 84th annual Academy Awards in Beverly Hills, California on January 24, 2012. The 84th annual Academy Awards will be held in Los Angeles on February 26, 2012. UPI/Jim Ruymen..

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Michelle Williams, pictured in this scene from "My Week With MarilynÓ, was nominated for best actress for the 84th annual Academy Awards in Beverly Hills, California on January 24, 2012. The 84th annual Academy Awards will be held in Los Angeles on Sunday, February 26, 2012. UPI/Laurence Cendrowicz/HO..

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Rooney Mara, pictured in this scene from "The Girl with the Dragon TattooÓ, was nominated for best actress for the 84th annual Academy Awards in Beverly Hills, California on January 24, 2012. The 84th annual Academy Awards will be held in Los Angeles on Sunday, February 26, 2012. UPI/Baldur Bragason/HO..

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ÒHugoÓ, pictured in this scene from the film was nominated for best motion picture for the 84th annual Academy Awards in Beverly Hills, California on January 24, 2012. The 84th annual Academy Awards will be held in Los Angeles on Sunday, February 26, 2012. UPI/Jaap Buitendijk/HO..

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