So, we'd love to hear your views on this year's nominations - is your favourite actress in the running? Did your film of the year miss the cut? How did that song make it on to the list? Let us know!

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Image source, Paramount Pictures

There are some dead certs for nominations. There are some long shots.

Here are some who are in the middle, on the cusp:

• Meryl Streep (for her Golden Globes speech, as well as her role in Florence Foster Jenkins, and would be a record 20th acting nomination)
• Mel Gibson (for Hacksaw Ridge - has Hollywood forgiven him?)
• Tom Hanks (for Sully, which would be his first Oscar nomination since 2001)
• Kevin Costner (for Hidden Figures, which would be his first nomination since 1991)
• Daniel Blake (will Oscar respond to Ken Loach's stirring Newcastle-set drama I, Daniel Blake?)
• Lin Manuel-Miranda (the Hamilton creator could be nominated for best song - he already has an Emmy, Grammy, Tony and Pulitzer. Could he complete the set?)

• Any women in the best director category (pigs might fly)

If you have dreams of winning an Oscar yourself, Jimmy Kimmel has put together this handy guide to help you on your way.

Lizo Mzimba
Entertainment correspondent

Image source, Fox

• The all time nominations record is 14, La La Land could get close to that
• If Deadpool is nominated for best picture, it will be the first superhero film to get a nod in that category. (The Dark Knight not getting one generated a lot of anger, and led to the number of nominations being increased from five)
• If OJ: Made in America gets a best picture nomination it will be the first documentary to achieve the feat
• If (when!) Damien Chazelle gets a director nomination, IF he then goes on to WIN he will be the youngest ever best director winner

Image source, Claire Folger

• If (when!) Manchester by the Sea gets a best picture nod it would be the first nomination for a US release by a streaming service (Amazon), although it has been released in cinemas before it begins streaming on Amazon from early next month

• And if Michelle Williams is nominated for the same film, she will have managed it with only around 11 minutes screen time. Judi Dench won with an around eight-minute performance as Queen Elizabeth I in Shakespeare in Love in 1989. The record is Beatrice Straight who won with only six minutes of screen time for 1976’s Network
• If both Rogue One and Doctor Strange get best special visual effects nominations, it will pit British SFX whiz Neil Corbould (Rogue One) against his brother Paul (Doctor Strange)

• If Kevin O'Connell gets a nomination for best sound mixing for Hacksaw Ridge it will be his 21st nod. He currently holds the unenviable record of 20 nominations and no wins!

Here's our guide to who's in the running for this year's Oscars as we count down to the nominations announcement - just over half an hour to go! 

Mark Savage
Music reporter

The big question in the best original song category is not whether La La Land will receive a nomination... it's whether it'll get two.

The recurring theme song, City of Stars, is a dead cert - but Emma Stone's solo number, Audition could also be in with a shot (many musicians, particularly those with a musical theatre background, think it's the better song.)

Part-time actor Justin Timberlake could also be in the running for Can't Stop The Feeling, the feel-good disco hit that featured in the animated comedy Trolls.

To make the cut, he'll have to beat another animation - Disney's Moana - whose songs were written by Hamilton creator Lin-Manuel Miranda.

The frontrunner from that film is the title character's theme song, How Far I'll Go. If Miranda wins, he'll become one of only 13 people to be an EGOT recipient - winning an Emmy, Grammy, Oscar and Tony award.

Other contenders include Pharrell's Runnin', a funky stomp that addresses segregation in 1950s America - a major theme of the film Hidden Figures.

And bewigged singer-songwriter Sia is a potential contender, thanks to her contribution to the Lion soundtrack, Never Give Up, which adds a Bollywood vibe to her brand of empowering pop.

Late night chat show host Jimmy Kimmel is hosting the Oscars this year - his first time in the job. He tweeted a nice pic of himself in his suit clutching the little gold man.

Ahead of today's festivities, the Golden Raspberry Awards announced its nominations yesterday for the dubious honour of worst films of the year. Find out which movies made the list.

The time has come for the Hollywood film industry to cross its fingers and hope for an Oscar nomination.

This year's nods are set to be announced at 13:18 GMT, which is a nice lunchtime treat for us - but at the ungodly hour of 05:18 in Los Angeles, which means a host of A-list stars will probably be in their stylish pyjamas when they receive the news.

In the meantime, stick with us and we'll give you some of our thoughts and predictions about who may be nominated.