This weekend the most prestigious awards in movies will be handed out at the Kodak Theatre in Los Angeles.
So here at FemaleFirst we are taking a look back over the major nominations to see who is going to win what on the big night.
James Cameron - Avatar: the filmmaker has already bagged the Best Director prize for Titanic, the previous biggest grossing movie of all time.
This time around Cameron really has produced a movie that will change the way that we watch our films.
Avatar is cinematic triumph that really does deserve all of the success that has gone it's way and Cameron has now become the leader of the 3D revolution.
Cameron picked up the Golden Globe for best Director and was also nominated at the Bafta Awards. While he is a frontrunner for the award he does face tough competition from his ex-wife...
Kathryn Bigelow - The Hurt Locker: she really is the filmmaker that everyone is talking about after her gritty Iraq drama.
The Best Director category looks set to be a two horse race between Bigelow and Cameron with the pair sharing the major awards in recent weeks.
Should Bigelow go on to win the Best Director gong she would make history as the first female filmmaker to win the award.
And winning is something she has become accustomed to in recent weeks having success at the Baftas, Washington D.C. Area Film Critics Association, Los Angeles Film Critics Association as well as becoming the first woman to win the Directors Guild of America's Outstanding Directorial Achievement in Motion Pictures.
She may have missed out on the Golden Globe but she is the red hot favourite to scoop this award and make a little bit of history along the way.
Quentin Tarantino - Inglourious Basterds: the filmmaker has enjoyed his biggest box office success with his World War II movie Inglourious Basterds.
And it's this movie and this maverick filmmaker who is the most likely to crash the Bigelow/Cameron party at the weekend.
While he hasn't won any of the major directing awards for the movie Tarantino has found himself in the mix at the Baftas, Golden Globes and the Washington D.C. Area Film Critics.
And while winning the Best Director prize does seem unlikely he just might walk away with the Best Original Screenplay Oscar.
Jason Reitman - Up in the Air: Jason Reitman has bagged another Best Director Oscar nomination, after being recognised for Juno back in 2007.
Up In The Air was hotly tipped at the beginning of the awards season as one of the movies set to dominate. And while the George Clooney led movie has picked up nominations left, right and centre it has failed to turn those nominations into wins.
It's Best Adapted Screenplay where Reitman has the best chance of picked up an award at the weekend after winning, along with Sheldon Turner, at the Baftas, Golden Globes and Writers Guild.
Lee Daniels - Precious: Lee Daniel's movie is a gritty and tough story about a young girl who suffers abuse at the hands of both of her parents.
The movie has shot unknown actress Gabourey Sidibe and, despite it's subject matter, the movie has been a great critical hit.
Precious has found itself mixing with the likes of Avatar and The Hurt Locker in most of the award ceremonies so far picking up nods at the Baftas and Golden Globes, amongst others.
And while Lee Daniels will not win the Best Director gong it's good to see his bravery at filming a movie such as this recognised.
Prediction to win: Kathryn Bigelow
The winners are revealed 7th March
FemaleFirst Helen Earnshaw