A scene from the movie, Lincoln
Silver Linings Playbook has become the first film to win Oscar nominations in all four acting categories for more than 30 years.
The comedy drama, starring Jennifer Lawrence and Bradley Cooper, received eight nominations in total, reports the BBC.
Steven Spielberg's drama Lincoln dominated the shortlist with 12, while Ang Lee's Life of Pi picked up 11.
Nine films vie for the best picture award including action thriller Zero Dark Thirty, Argo and Les Miserables.
Working Title's Eric Fellner, one of the producers on Les Miserables - a film version of the award-winning stage musical - told the BBC: "Les Miserables hasn't even opened yet in the UK - and it's great to be able to tell the audience here the industry thinks this film is really good and they should go and see it."
"As a company it's really gratifying because it encourages us to take risks and make more challenging movies."
The musical, which takes its lead from Victor Hugo's historical novel set during the Paris uprising, received 8 nominations in total - including nods for stars Hugh Jackman and Anne Hathaway.
Quentin Tarantino's Django Unchained, Beasts of the Southern Wild and French language film Amour complete the list of best picture contenders.
Tarantino told the BBC Django Unchained, a western which sees Jamie Foxx as a freed slave on a mission to rescue his wife from a Mississippi plantation owner, would not win best picture, but "it's nice to be invited to the party".
The ceremony will take place at the Dolby Theatre on 24 February.
Emmanuelle Riva and Quvenzhane Wallis became the oldest and youngest nominees in the best actress category at the age of 85 and nine respectively.
Wallis, who was picked from obscurity to play the lead in Benh Zeitlin's Sundance winner Beasts of the Southern Wild, was just six when she took the role of a young girl stranded by rising waters and tending to a sick father in a remote corner of Louisiana.
Riva, a respected film actress in France, plays a retired music teacher afflicted by a stroke in Michael Haneke's Amour, which won the Palme d'Or at Cannes Film Festival last year.
As well as both films appearing in the best film nominations, Haneke and newcomer Zeitlin won nominations in the best director category.
They will face competition from Spielberg, Ang Lee and Silver Linings Playbook David O Russell. But there was no nomination for Zero Dark Thirty's Kathryn Bigelow, who was named best director by the National Board of Review in the autumn, and had been considered a frontrunner following nominations at the Baftas and the Golden Globes.
Bigelow became the first woman to win the best director Oscar with The Hurt Locker at the Academy Awards in 2010.
Tarantino also failed to secure a best director nomination. He told the BBC "it bites a little bit, but I got it from Bafta" - referring to his success in the Bafta shortlist earlier this week.
Britain's Tom Hooper - who was named best director for The King's Speech in 2011 - was also snubbed, for his work on Les Miserables.
"It was a complete shock," said Working Title's Eric Fellner. "But not just for Tom, but also for Kathryn Bigelow for Zero Dark Thirty and Ben Affleck for Argo."
Prior to the nominations it had been suggested that Skyfall might become the first Bond film to win a best picture nod, but the film was not shortlisted in any of the major categories despite Bafta nominations for Dame Judi Dench and Javier Bardem earlier this week.