The Artist wins seven awards including Best Film, Best Director, and Best Actor for Jean Dujardin.
Hugo leads the pack with 11 nominations, and The Artist is close behind with 10 nominations, including nods in the five main categories.
The Descendants, The Girl With the Dragon Tattoo, Hugo, Moneyball, and War Horse are up for the top editing prize.
The Artist, Bridesmaids, and The Descendants are among the top movie nominees, while Boardwalk Empire, Game of Thrones, and Mad Men top the TV nominees.
Brad Pitt stars as Oakland A's general manager Billy Beane, who built a winning team on a smaller budget by using an innovative computer strategy.
Moneyball and Dolphin Tale are neck-and-neck in second and third place while Abduction finishes in fourth place with just $11.2 million.
Or will Moneyball hit a home run with audiences this weekend?
Brad Pitt stars as Oakland A's general manager Billy Beane in this true story about his unique method of building a winning team on the cheap.
Brad Pitt, Jonah Hill, and Philip Seymour Hoffman star in this true story about how the Oakland A's fielded a winning team with a small payroll.
It also appears that Jonah Hill's character in the film is changing names.