Brit drama 12 Years A Slave goes head to head with con caper American Hustle and sci-fi thriller Gravity in the charge for the Oscars.
American Hustle landed ten nominations including best film, best director (David O Russell), best actor (Christian Bale) and best actress (Amy Adams with her fifth Oscar nomination).
The hotly-tipped sci-fi thriller Gravity also picked up ten nominations, including best film, best director (Alfonso Cuarón) and best actress (Sandra Bullock).
The gruelling drama 12 Years A Slave received nine nods, including best film, best director (Steve McQueen) and best actor for McQueen's fellow Brit Chiwetel Ejiofor.
"I'm just very excited," McQueen told the BBC. "My goodness, nine nominations - a lot of them British. We worked very hard and we're privileged to be in this position."
Blue Jasmine star Cate Blanchett was a front-runner before the awards season began and duly received her Best Actress nod, although the omission of Woody Allen's drama from the best picture list is something of a surprise.
Martin Scorsese and Leonardo DiCaprio are once again in the frame for best director and best actor for The Wolf of Wall Street, which was also nominated for best picture, best supporting actor (Jonah Hill) and adapted screenplay.
Alexander Payne's laid-back road movie Nebraska scored five nominations, including best film, best director, best actor (Bruce Dern), best supporting actress (June Squibb) and cinematography.
Britain also fared well with fact-based drama Philomena, which landed nominations for best film, best actress (Judi Dench) and best adapted screenplay for Dench's co-star Steve Coogan and Jeff Pope.
Golden Globe winner Matthew McConaughey picked up a best actor nod for AIDS drama Dallas Buyers Club with co-star and fellow Globe victor Jared Leto again named in the best supporting actor pack. The film is also up for best picture and best original screenplay.
Spike Jonze's offbeat comedy drama Her bagged five nominations, including best film, best original screenplay for Spike Jonze (who also directed), best score and production design.
August: Osage County's leading lady and perennial nominee Meryl Streep makes yet another appearance in the best actress category. It is, in fact, her 18th nod.
And Bono is up for his second shot at an Oscar as U2 enter the race for best song with Ordinary Love, the closing number from Mandela: Long Walk To Freedom.
The most notable omission was Tom Hanks for his performance in Captain Phillips while the fancied motor racing drama Rush failed to receive a single nomination.
Sky Movies will be broadcasting the Oscars ceremony - hosted by Ellen DeGeneres - live from the Dolby Theatre in Los Angeles on Sunday March 2.
The Oscar nominations in full:
12 Years A Slave
The Wolf of Wall Street
Dallas Buyers Club
Alfonso Cuarón (Gravity)
David O. Russell (American Hustle)
Steve McQueen (12 Years A Slave)
Martin Scorsese (The Wolf Of Wall Street)
Alexander Payne (Nebraska)
Christian Bale (American Hustle)
Chiwetel Ejiofor (12 Years a Slave)
Leonardo DiCaprio (The Wolf of Wall Street)
Bruce Dern (Nebraska)
Matthew McConaughey (Dallas Buyers Club)
Bradley Cooper (American Hustle)
Barkhad Abdi (Captain Phillips)
Michael Fassbender (12 Years A Slave)
Jared Leto (Dallas Buyers Club)
Jonah Hill (The Wolf of Wall Street)
Jennifer Lawrence (American Hustle)
Julia Roberts (August: Osage County)
Lupita Nyong’o (12 Years a Slave)
Sally Hawkins (Blue Jasmine)
June Squibb (Nebraska)
American Hustle (Eric Warren Singer, David O. Russell)
Blue Jasmine (Woody Allen)
Nebraska (Bob Nelson)
Her (Spike Jonze)
Dallas Buyers Club (Craig Borten, Melisa Wallack)
12 Years A Slave (John Ridley)
Captain Phillips (Billy Ray)
Philomena (Steve Coogan, Jeff Pope)
The Wolf Of Wall Street (Terence Winter)
Before Midnight (Richard Linklater, Julie Delpy, Ethan Hawke)
BEST FOREIGN FILM
The Great Beauty
The Missing Picture
The Broken Circle Breakdown
BEST ANIMATED FILM
Despicable Me 2
Ernest and Celestine
The Wind Rises
The Act of Killing
Cutie and the Boxer
20ft From Stardom
The Grandmaster (Philippe Le Sourd
Gravity (Emmanuel Lubezki)
Inside Llewyn Davis (Bruno Delbonnel)
Nebraska (Phedon Papamichael)
Prisoners (Roger A Deakins
American Hustle (Michael Wilkinson)
The Grandmaster (William Chang Suk Ping)
The Great Gatsby (Catherine Martin)
The Invisible Woman (Michael O'Connor)
12 Years A Slave (Patricia Norris)
American Hustle (Jay Cassidy, Crispin Struthers and Alan Baumgarten)
Captain Phillips (Christopher Rouse)
Dallas Buyers Club (John Mac McMurphy and Martin Pensa)
Gravity (Alfonso Cuarón and Mark Sanger)
12 Years A Slave (Joe Walker)
Dallas Buyers Club (Adruitha Lee and Robin Mathews)
Jackass Presents: Bad Grandpa (Stephen Prouty)
The Lone Ranger (Joel Harlow and Gloria Pasqua-Casny)
MUSIC - ORIGINAL SCORE
The Book Thief (John Williams)
Gravity (Steven Price)
Her (William Butler and Owen Pallett)
Philomena (Alexandre Desplat)
Saving Mr Banks (Thomas Newman)
MUSIC - ORIGINAL SONG
Alone Yet Not Alone from Alone Yet Not Alone (Bruce Broughton and Dennis Spiegel)
Happy from Despicable Me 2 (Pharrell Williams)
Let It Go from Frozen (Kristen Anderson-Lopez and Robert Lopez)
The Moon Song from Her ( Karen O and Spike Jonze)
Ordinary Love from Mandela: Long Walk To Freedom (U2)
American Hustle (Judy Becker, Heather Loeffler)
Gravity (Andy Nicholson, Rosie Goodwin, Joanne Woollard)
The Great Gatsby (Catherine Martin, Beverley Dunn)
Her (KK Barrett, Gene Serdena)
12 Years A Slave (Adam Stockhausen, Alice Baker)
All Is Lost (Steve Boeddeker and Richard Hymns)
Captain Phillips (Oliver Tarney)
Gravity (Glenn Freemantle)
The Hobbit: The Desolation of Smaug (Brent Burge)
Lone Survivor (Wylie Stateman)
Captain Phillips (Chris Burdon, Mark Taylor, Mike Prestwood Smith and Chris Munro)
Gravity (Skip Lievsay, Niv Adiri, Christopher Benstead and Chris Munro)
The Hobbit: The Desolation of Smaug (Christopher Boyes, Michael Hedges, Michael Semanick and Tony Johnson)
Inside Llewyn Davis (Skip Lievsay, Greg Orloff and Peter F Kurland)
Lone Survivor (Andy Koyama, Beau Borders and David Brownlow)
Gravity (Tim Webber, Chris Lawrence, Dave Shirk and Neil Corbould)
The Hobbit: The Desolation of Smaug (Joe Letteri, Eric Saindon, David Clayton and Eric Reynolds)
Iron Man 3 (Christopher Townsend, Guy Williams, Erik Nash and Dan Sudick)
The Lone Ranger (Tim Alexander, Gary Brozenich, Edson Williams and John Frazier)
Star Trek into Darkness (Roger Guyett, Patrick Tubach, Ben Grossmann and Burt Dalton)
SHORT FILM (ANIMATED)
Get A Horse!
Room on the Broom
SHORT FILM (LIVE ACTION)
Aquel No Era Yo (That Wasn't Me)
Avant Que De Tout Perdre (Just Before Losing Everything)
Pitaako Mun Kaikki Hoitaa? (Do I Have to Take Care of Everything?)
The Voorman Problem