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Watch the Oscar nominations live at 8:30AM ET / 5:30AM PT

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2014 is over. Countless top 10 lists have been made. But the One True List — the list that will ultimately determine which movie is actually the best — is only now being revealed.

All 24 categories will be announced live

The Academy is going to announce its Oscar nominees this morning, and you'll be able to watch the announcements live as they happen. This year, the Academy is going to announce all 24 categories during its live event, rather than just focusing on the biggest ones. The plan is to run through a dozen categories, including best animated feature and best documentary feature, beginning at 8:30AM ET. Precisely eight minutes later, the ceremony will move on to the other dozen categories, including best actor and actress and best picture.

Some big names will be on hand to unveil the nominees. Directors J.J. Abrams and Alfonso Cuarón will be covering the first dozen announcements, while the Academy's president, Cheryl Boone Isaacs, will present the final 12 along with actor Chris Pine. There are some good guesses out there right now about what you can expect to see (hint: probably a lot of Boyhood), but all will be revealed soon. The actual awards ceremony will follow on February 22nd, hosted by Neil Patrick Harris and airing on ABC.