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Oscars 2014: Watch the Academy Awards nominations live stream here

EntertainmentMoviesAcademy AwardsCaptain PhillipsAmerican Hustle12 Years a SlaveGravity (movie)

The 2014 Academy Awards nominations are set for Thursday morning, and you can watch them live above. The Oscars announcement is expected to start at 5:38 a.m. and 30 seconds Pacific time. (Why the extra 30 seconds? At that hour, we're willing to take any additional sleep we can get.)

Actor Chris Hemsworth and Academy of Motion Picture Arts and Sciences President Cheryl Boone Isaacs will read the list of nominees, which is expected to include best picture candidates such as "12 Years a Slave," "Gravity," "Captain Phillips" and "American Hustle." 

At least five films will be nominated for best picture, up to a maximum of 10.

OSCARS: Live blog | Full coverage

In this busy awards season, it was only Sunday that "12 Years a Slave" won for best drama and "American Hustle" for comedy at the Golden Globes.

Alfonso Cuaron, who won the Golden Globe for directing "Gravity," could be among the pool of directors nominated; other nods could go to Steve McQueen for "12 Years a Slave," Paul Greengrass for "Captain Phillips," David O. Russell for "American Hustle" and Martin Scorsese for "The Wolf of Wall Street."

Among the contenders for lead actor nominations are Matthew McConaughey for "Dallas Buyers Club," Bruce Dern for "Nebraska," Tom Hanks for "Captain Phillips" and Chiwetel Ejiofor for "12 Years a Slave."

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The lead actress category looks likely to include Cate Blanchett for "Blue Jasmine," Emma Thompson for "Saving Mr. Banks," Sandra Bullock for "Gravity" and Judi Dench for "Philomena."

After Seth MacFarlane's controversial performance as host last year, the 86th Academy Awards will bring back 2007 host Ellen DeGeneres to emcee a show that promises to honor "heroes" as a theme. 

The 86th Academy Awards will be telecast live March 2 on ABC from the Dolby Theatre in Hollywood.

Check back on The Envelope and Movies Now for extensive coverage of the Oscar nominations as the day progresses.

ALSO:

VIDEO: Actors' roundtable

VIDEO: Directors' roundtable

TIMELINE: Academy Awards through the years 

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