Hollywood loves a good flick that honours the legacy of cinema, so it's no surprise that Hugo, about pioneering filmmaker Georges Méliès, and The Artist, which sees a silent movie star faced with the prospect of talkies, get some love from Academy voters.
But who will take home the coveted 'Best Picture' Oscar?
Bookmakers are already tipping Michel Hazanavicius's ode to a bygone cinematic era to win, but we'd maybe go a little bit further than that and say The Artist is a nailed-on certainty to win 'Best Picture'.
Critically, both movies fared outstandingly well - The Artist is 97% on the Tomatometer against Hugo's 94% - with the pair featuring prominently in many critics' end of year lists. Even the BBC's esteemed film critic Mark Kermode reckons The Artist is the hot favourite as "everyone's favourite film around the world".
> The Artist review
> Hugo review
Crucially in the Hugo vs. The Artist Oscar scrap, the latter has acting nods for its stars Jean Dujardin and Bérénice Bejo, while Hugo's main cast of Sir Ben Kingsley, Asa Butterfield and Chloe Moretz fail to make the cut. Perhaps it signifies the fact that The Artist is more well-regarded among Academy voters?
Furthermore, Michel Hazanavicius's comedy is unlike any other movie in theatres right now. Films as unique as The Artist don't come along too often, so we're expecting voters to plump for it when the time comes for the final say.
More Oscars coverage:
> Oscars 2012: Academy Awards nominations - in full
> Gary Oldman on first Oscar nomination: 'It's so gratifying'
> Oscars 2012: Academy Awards nominations - in pictures
> Oscars 2012: What did the Academy Miss?