While this year's list of nominations is still predominantly white, a handful of major nominations has made it clear that the slow progress in improving inclusivity - ever since the infamous #OscarsSoWhite backlash - is only just gaining momentum.
For many stars, this morning marked a once in a lifetime moment-their first Oscar nomination.
Lesley Manville was nominated for supporting actress for her role opposite Day-Lewis in Phantom Thread.
Denzel Washington landed his eighth acting nomination.
Get Out, the horror film starring British actor Daniel Kaluuya (pictured), performed better than some expected.
Get Out, centred on an interracial couple, received four nominations, including for best picture and best actor.
One for the ladies!
Rachel Morrison became the first woman to receive a best cinematography nod for Mudbound, while Gerwig is the fifth woman to receive a best director nomination. The much-maligned-by-anyone-except-five-year-olds-and-Alec-Baldwin tale scooped up a nomination in the Best Animated Feature category, besting the more deserving "The Lego Batman Movie". So what were the biggest surprises and snubs from this year's competition? The film's director, Martin McDonagh, received nominations for Best Director and Best Original Screenplay. She previously won best actress for "Sophie's Choice" and "The Iron Lady", and for supporting work in "Kramer vs. Kramer".
The Christopher Nolan film has been nominated for best picture.
The nomination for Streep is the 21st of her career, and the 17th as best actress.
SURPRISE: Greta Gerwig just became the fifth woman ever nominated for best director for Lady Bird.
"The Big Sick" - Nominated in the writing (original screenplay) category, this romantic dramedy, written by Emily Gordon and Kumail Nanjiani, is streaming on Amazon Video for prime members and is also available on YouTube, iTunes, Google Play and Vudu.
The Shape of Water led all film nominees with 13. "Meanwhile, star Mary J. Blige picked up a best supporting actress nod, as well as best song nod (for the song 'Mighty River, ' co-written by Raphael Saadiq and Taura Stinson); she is reportedly the first person to be nominated for best performance and best song in the same year".
The awards will be handed out on 4 March at a ceremony in Hollywood hosted by comedian Jimmy Kimmel.
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