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Oscar show channels old and new tradition

Oscar Nominees 2011: "Black Swan," "The King's Speech," "The Social Network." CBS

The 2011 Oscar show is bringing the old in with the new. Take a look at the two front-running films for Best Picture: "The King's Speech," an aristocratic British royal drama, and "The Social Network," a modern tale of the Web 2.0 society.

PICTURES: Colin Firth
PICTURES: Jesse Eisenberg
PICTURES: Natalie Portman
PICTURES: Annette Bening

The same can be said for the actresses vying for Best Actress and Best Supporting Actress. 29-year-old Natalie Portman is up for her performance in "Black Swan" against 52-year-old Annette Bening in "The Kids Are All Right;" while 50-year old Melissa Leo is nominated for her role in "The Fighter" against 14-year-old newcomer Hailee Steinfeld in "True Grit."

READ MORE: Who will win Best Actress?

The show is featuring two young hosts - Anne Hathaway and James Franco - which was determined long before the nominations came out. The producers promised a fresh ceremony that would be fun, and funny, while paying respect to Hollywood's rich past.

"I think there's a little bit of the old, a little bit of the new" said Franco, also a first-time nominee for best actor for "127 Hours."

"A lot of the show will definitely be about bringing in a fresh crop of movie viewers. But also, one of the backbones or arcs of the show is to appreciate the history of film. So Anne and I, as hosts, are to kind of bridge the gap between the older generation and the newer, younger generation."

Veteran Oscar winners include: Nicole Kidman in "Rabbit Hole," Javier Bardem in "Biutiful," Jeff Bridges in "True Grit" and Geoffrey Rush in "The King's Speech." These veterans are nominated alongside such newcomers as first-timer Jesse Eisenberg in "The Social Network," longtime Australian performer Jacki Weaver in "Animal Kingdom," and 20-year-old Jennifer Lawrence and veteran character actor John Hawkes, both in the running for "Winter's Bone."

With 12 nominations, "The King's Speech" goes into the Oscars as the top contender.

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