The Oscar nominations are being announced, with an expanded best picture category which it is hoped will make room for a wider range of films.
The Power of the Dog, Belfast and West Side Story are among the films expected to pick up multiple nominations.
British acting nominees could include Andrew Garfield, Benedict Cumberbatch, Olivia Colman and Ciarán Hinds.
The Academy has confirmed the ceremony will have a host this year, but has not yet revealed who it will be.
Tracee Ellis Ross and Leslie Jordan are currently announcing the nominations from Los Angeles, and we should have the full list by 14:00 GMT.
There is pressure to make the Oscars more popular with and relevant to young audiences, after 2021’s pared-down ceremony tanked in the ratings, partly due to the absence of big film releases during lockdown.
There is only one guarantee ahead of the nominations: with far more big films in the race this year and only a limited number of slots available, several high-profile films and their stars will inevitably miss out.
Equally, we could see some lower-profile films spring surprise nominations. With the caveat of expecting the unexpected, here are a few of the films and actors who stand the strongest chance:
The only film with significant box office success likely to make it into the race is Denis Villeneuve’s sci-fi saga Dune, which has taken $400m (£294m) worldwide.
While there are several other popular films in the race, many of them were primarily released on streaming platforms and therefore have no comparable box office figures.
Netflix have said that Adam Mackay’s climate change allegory Don’t Look Up, starring Leonardo DiCaprio and Jennifer Lawrence, was hugely popular with their subscribers. With an Oscar-friendly cast, it could well appear in the best picture category.
However, the streaming service’s strongest contender by far is Jane Campion’s The Power of the Dog, a slow and intense western starring Benedict Cumberbatch. This isn’t just a potential best picture nominee, but a potential winner.
Other films released on streaming services which could be in contention include Amazon Prime Video’s Being the Ricardos, directed by The West Wing creator Aaron Sorkin, which follows Lucille Ball and Desi Arnaz in 1950s Hollywood.
Sian Heder’s Coda, released on Apple TV, tells the story of a young girl who wants to be a singer but has to juggle her music lessons with the demands of her deaf family.