The favourite with the bookies to take home the gong will be Richard Linklater's coming-of-age film Boyhood. However, it will be pushed hard by two comedies in the form of Alejandro González Iñárritu's Birdman and Wes Craven's The Grand Budapest Hotel.
British leading men Benedict Cumberbatch and Eddie Redmayne will be hoping their films The Imitation Game and The Theory of Everything can sneak a surprise win. While Clint Eastwood's American Sniper and Damien Chazelle's music-based drama Whiplash complete the list of nominees.
Watch all of the nominated films' trailers
American Sniper
Director: Clint Eastwood
Starring: Bradley Cooper, Sienna Miller, Kyle Gallner
Birdman or (The Unexpected Virtue of Ignorance)
Director: Alejandro González Iñárritu
Starring: Michael Keaton, Zach Galifianakis, Edward Norton
Boyhood
Director: Richard Linklater
Starring: Ellar Coltrane, Patricia Arquette, Ethan Hawke
The Grand Budapest Hotel
Director: Wes Anderson
Starring: Ralph Fiennes, F. Murray Abraham, Mathieu Amalric
The Imitation Game
Director: Morten Tyldum
Starring: Benedict Cumberbatch, Keira Knightley, Matthew Goode
The Theory of Everything