By Quendrith Johnson, Los Angeles CorrespondentToday the Academy of Motion Pictures Arts & Sciences announced this year's Oscar(r) nominations. With few surprises, Colin Firth's festival run in THE KING'S SPEECH, written by David Seidler, is poised to take most of the honors with a record-vying 12 nominations. Fourteen (14) is the record for Oscar noms (i.e.; TITANIC), but if this picture wins in every nominated category, cinema history will be made.Oscar 2011: Expect Natalie Portman & Colin Fir...

  The King's Speech" leads the race for the Oscar race with 12 nominations, including best picture, directing, original screenplay and actor for Colin Firth. Other contenders to Best picture: Fox Searchlight's "127 Hours," Searchlight's "Black Swan," Paramount-Relativity's "The Fighter," Warner Bros.' "Inception," Focus Features' "The Kids Are All Right," Sony's "The Social Network," Disney-Pixar's "Toy Story 3,&quo...