Christian Bale is a favorite for his role in "The Fighter." (Stephen Lovekin)

Southampton - Hollywood's biggest night will take place on Sunday, February 27, as The American Academy of Motion Picture Arts and Sciences hosts the 83rd Academy Awards at the Kodak Theatre in Hollywood, California. Hosted by James Franco and Anne Hathaway, the event honoring the best in motion picture during the year 2010 is sure to be a delight to watch.

It is always thrilling when a film is shot on location in your hometown, and even more thrilling - as in the case of "The Fighter" - a film that is about someone who is from and still lives in your hometown. Born and raised in Lowell, Massachusetts, "The Fighter" reveals the story of two men I knew growing up, Micky Ward and Dicky Eklund - brilliantly portrayed by Christian Bale.

"The Fighter" is a brutal eye-opener into the lives of these two half-brothers, and their respective boxing careers, choices and lives. I attended high school with Dicky, and one of my nephews still works out at Micky's gym, and where my grandfather was mayor at one time. Where I'm from you are always identified first by who your older or younger brother or sister is - and then by your name - perhaps due to the number of children (seven in mine) in respective families.

Having watched the glorious and inglorious careers of both of these men for many years "The Fighter" has as much to do about family as it does about boxing. However, the portrayal of my hometown, Lowell, is disturbing. I grew up at the same time as Dicky, in the same city, and with some of the same acquaintances, but I didn't grow up in his Lowell. Both heart warming and heart wrenching to watch - "The Fighter" most importantly reminded me to always remember where you are from and who you knew along the journey, so thanks to Massachusetts born Mark Wahlberg for bringing a story about the importance of family and the achievements we can all gain when we stop to remember where our roots are, as well as his remarkable portrayal of one of Lowell's own.

"The King's Speech" received 12 nominations In total. (impawards.com)

"The King's Speech'"received a whopping 12 nominations, including Best Picture and Best Director, while the American western "True Grit" followed closely behind with 10 nominations, also including Best Picture and Best Director. "Toy Story 3" received a nod in the Best Animated Feature category.

Franco will be playing the role of host and nominee, as he earned a nomination for his role as real life mountain climber Aron Ralston in the film "127 Hours."

Here is a full list of the nominees:

Best Picture
"Black Swan"
"The Fighter"
"Inception"
"The Kids Are All Right"
"The King's Speech"
"127 Hours"
"The Social Network"
"Toy Story 3"
"True Grit"
"Winter's Bone"

Ballernia flick "Black Swan" was awarded a Best Picture nominee. (onlinemovieshut.com)

Best ActorJavier Bardem - "Biutiful"
Jeff Bridges - "True Grit"
Jesse Eisenberg - "The Social Network"
Colin Firth - "The King's Speech"
James Franco - "127 Hours"

Best Actress
Annette Bening - "The Kids Are All Right"
Nicole Kidman - "Rabbit Hole"
Jennifer Lawrence - "Winter's Bone"
Natalie Portman - "Black Swan"
Michelle Williams - "Blue Valentine"

Best Supporting Actor
Christian Bale - "The Fighter"
John Hawkes - "Winter's Bone"
Jeremy Renner - "The Town"
Mark Ruffalo - "The Kids Are All Right"
Geoffrey Rush - "The King's Speech"

Best Supporting Actress
Amy Adams - "The Fighter"
Helena Bonham Carter - "The King's Speech"
Melissa Leo - "The Fighter"
Hailee Steinfeld - "True Grit"
Jacki Weaver - "Animal Kingdom"

James Franco will play the role of both nominee and host at the award show for his performance in "127 Hours." (onlinemovieshut.com)

Best Director
Darren Aronofsky - "Black Swan"
David O. Russell - "The Fighter"
Tom Hooper - "The King's Speech"
David Fincher - "The Social Network"
Joel and Ethan Coen - "True Grit"

Best Animated Feature Film
"How to Train Your Dragon"
"Illusionist"
"Toy Story 3"

Best Foreign Film
Mexico - "Biutiful"
Greece - " Dogtooth"
Denmark - "In a Better World"
Canada - "Incendies"
Algeria - "Outside the Law"

Best Original Screenplay
"Another Year"
"The Fighter"
"Inception"
"The Kids Are All Right"
"The King's Speech"

3D animated hit "Toy Story 3D" gets a nomination for Best Animated Feature. (disneydreaming.com)

Best Adapted Screenplay
"127 Hours"
"The Social Network"
"Toy Story 3"
"True Grit"
"Winter's Bone"

Best Art Direction
"Alice in Wonderland"
"Harry Potter and the Deathly Hallows Part I"
"Inception"
"The King's Speech"
"True Grit"

Best Costume Design
Alice in Wonderland
I Am Love
The King's Speech
The Tempest
True Grit

Best Original Song
"Coming Home" - "Country Strong"
"I See the Light" - Tangled"
"If I Rise" - "127 Hours"
"We Belong Together" - "Toy Story 3"

The Facebook story, "The Social Network" received six nominations. (impawards.com)

Best Original Score
"How to Train Your Dragon" - John Powell
"Inception" - Hans Zimmer
"The King's Speech" - Alexandre Desplat
"127 Hours" - A.R. Rahman
"The Social Network" - Trent Reznor and Atticus Ross

Best Documentary
"Exit Through the Gift Shop"
"Gasland"
"Inside Job"
"Restrepo"
"Waste Land"

Best Film Editing
"Black Swan"
"The Fighter"
"The Kings Speech"
"127 Hours"
"The Social Network"

Best Makeup
"Barney's Version"
"The Way Back"
"The Wolfman"

The film "Country Strong" starring Gwenyth Paltrow earned a nomination in the Best Original Song category. (blog.newsok.com)

Best Sound Editing
"Inception"
"Toy Story 3"
"TRON: Legacy"
"True Grit"
"Unstoppable"

Best Sound Mixing
"Inception"
"The King's Speech"
"Salt"
"The Social Network"
"True Grit"

Best Visual Effects
"Alice in Wonderland"
"Harry Potter and the Deathly Hallows Part 1"
"Hereafter"
"Inception"
"Iron Man 2"

Best Documentary Short
"Killing in the Name"
"Poster Girl"
"Strangers No More"
"Sun Comes Up"
"The Warriors of Qiugang"

Best Visual Short Film (Animated
"Day & Night"
"The Gruffalo"
"Let's Pollute"
"The Lost Thing"
"Madagascar, carnet de voyage (Madagascar, a Journey Diary)"

Best Short Film (Live Action
"The Confession"
"The Crush"
"God of Love"
"Na Wewe"
"Wish 143"

Stay tuned to Hamptons.com on Oscar to find out who won, and who wore what!